As a new generation becomes wealthier, is the industry ready to serve them?

Latest findings from Diversity In Asset Management report

One of the biggest 'known unknowns' for financial intermediaries is the threat of a changing client base as the next generation of investors grows up and becomes increasingly wealthy.

According to Incisive Works' Diversity in Asset Management research, millennials represent one of the fastest growing generations of recent years and, as they enter their peak earning years, will become an increasingly important part of the investment client base. Research has shown this demographic values socially responsible enterprises and cares much more about issues like diversity than the current crop of investors. Often, the report noted, millennials express a desire for financial advisers and their advice to "reflect them, their values and their lifestyles".  The starting p...