Wealthy inheritors plan to fire their parents’ wealth advisors

Traditionally young investors invest more risks, given time and age tables. However, even to be adjusted for age, the millennial generation and General Zires like to live more in the risk curve, with semester stocks, stock options, cryptocurrencies and other speculative assets.

While the main goal for the wealthy Boomers is to maintain wealth, the next general seeks aggressive growth, according to Capgemini. It also gave the flood of videos and online atheists to invest in the younger investors.

“It is a mixture of age, inclination of risks and awareness,” said Ramkishnan. “It is the ability to discover more, learn more, and learn how to invest them.”

While the older investors tend to shares and bonds, younger investors want more encryption, private shares and foreign investments. 88 % of investors are completely said that the next general has more interest in private stocks than children’s children.

Cabimini said that younger investors believe that strong returns are no longer driven by stocks and bonds, and that private shares and other alternatives can provide long -term growth. Special stocks are also more widely available through low minimum and third -party asset managers.

While young investors want more encryption, two -thirds of the wealth managers of Capgemini say they do not have investment options for emerging assets chapters, including encryption.

Young investors are likely to venture abroad in their governor. The majority of the millennial generation and General Zires says they want “improved investments abroad,” according to the survey. It is important to the place of new wealth centers around the world, including Singapore, the United Arab Emirates and Saudi Arabia.

Ramacrichnan said that future generations are more universal. “They have traveled more. They understand global dynamics. This enables them to pay attention and get some of the returns they see in these markets. “

Young investors are indigenous, indigenous, yet wealth management companies were slow to adapt-still tend to personal meetings or phone calls for many customer interactions. While 78 % of children’s children prefer meetings face to face on video calls, the millennial generation wants mobile phone applications that allow them to access and circulate their portfolios.

“This is not,” said Ramkrichnan. “This is an active participation channel and with consuming fragments of the information they should get.”

Two -thirds of the millennial generation say they expect advanced digital offers from wealth managers. Nearly half complains about the lack of services available on its favorite digital channels.

Regardless of the useful content in short “nuggets”, investors from the next generation want to access in an actual time to all their financial information in one place, according to the report. They also want “intuitive tools to make decisions and safe transaction capabilities,” according to Cabeini.

More than two -thirds of children want to receive the next generation of inheritance financial education for their genetic management responsibly. However, many education programs from wealth management companies do not prove their effectiveness. Some say that the programs are very dry, talk to younger investors, or feel the foot.

“It is not just that these huge reports talk about the impact of interest rates and what is happening with the market,” said Ramkrichnan. “It is difficult for people to be consumed. It must be a simple thing, and that people can capture them and something that can be implemented.”

Josh Braun, CEO of Ritholtz Wealth Management, who built a great follow -up between Genzers with podcasts, blogs and social media, said young customers want more original personal contacts.

“The new generation grew up after people, not companies,” Braun said.