Almost half of UK millennials want to do all their financial planning on a smartphone - a preference that could pose a challenge for financial advisers who traditionally deliver face-to-face services, according to Legg Mason.
The group's 2017 Global Investment Survey found almost half (46%) of UK millennials - those aged 18 to 35 - were keen to use their smartphone to do all their financial planning. This was the highest proportion across Europe while, in contrast, just 13% of UK baby-boomers - those aged 53 to 71 - said they would feel comfortable with such an approach. This view is mirrored globally, with nearly half (47%) of millennials happy to do all their planning on their mobiles, versus just a fifth (22%) of baby-boomers. The research is in keeping with findings from Dunstan Thomas earlier in th...
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