Less than 15% of Millennials have funds allocated in the stock market.
With such a long term time horizon to invest, this generation is more wary of the stock market that any other. Why?
Could it be a lack of trust in the financial markets, fear of a decline or crash, high levels of student debt, just a general lack of interest, or all of the above. For one reason or another, Millennials are not allocating enough capital into equity assets that will build their long term wealth.
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As a fiduciary, we are ethically bound to put the clients interests before our own. When looking to hire a financial advisor, this should be your first question. Fiduciaries partner up with their clients, help them make better financial decisions resulting in more savings, lower taxes and an overall higher net worth.
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