Maria Merricks assesses the benefits of going after young professionals as potential clients...
Young people are all-too-often overlooked by advisers thanks to a common misconception that pursuing them is a waste of time. Excuses in the past have ranged from the belief young people have little money to invest, to the perception that any financial planning needs they may have are, at most, basic. But a number of advisers believe younger clients have a lot to offer and suggest now is the time to cash in on a ‘lost generation’ of investors. Abraham Okusanya, managing partner of Financial Freedom Academy, points to a recent study which suggests that 'Generation Y' (those born bet...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes