Forget the ‘young and dumb' stereotype, the rich under 40s are likely to be fussier than their parents about who they take financial advice from, and what they expect from an adviser, according to the latest research.
A little over a quarter of Europe's high net-worth individuals (HNWIs) under the age of 40 believe recommendations from their wealth management firm have not been in line with their risk tolerance, according to the latest research. This finding - which compares to a global average of 17% - is drawn from Generation sceptic: Meeting the millennial standard, the third report in the 2015 Futurewealth series by NPG Wealth Management, SEI and Scorpio Partnership. The research takes into account the views of 3,113 investors from around the world with an average net worth of $2.7m. It sugg...
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