Financial advisers don’t care about millennials, and the feeling is mutual
May 12, 2015 by Ben Steverman
(Bloomberg Business) — The investment industry has an age discrimination problem, and millennials and Generation X are bearing the brunt of it. Only 30 percent of financial advisers are actively looking for clients under age 40, according to a survey of 500 advisers by the research firm Corporate Insight.
Advisers prefer older clients for a simple reason: Most advisers get paid based on a percentage of the assets they manage.
Originally Posted at LifeHealthPro on May 11, 2015 by Ben Steverman.
Categories: Industry Articles