Posted at 10:50h
in Experience and Focus
Young wealth creators (Gen X and Y), many in the social media industry, are opting for more self-directed financial advice than previous generations did.
A recent survey done by Spectrem Group
, the Chicago based research firm that focuses on the affluent and retirement markets, found that millionaires ages 45 and less were not as interested in seeking the advice of financial advisors, and felt it was too expensive; the younger the age (especially the group under 35) the stronger the belief.
While this is concerning for the investment business as a whole, I believe it’s equally as dangerous for the young wealth creators and here’s why: