A third of millennials hope 'one day' to obtain financial advice from a professional adviser, despite that at present being one of the less popular channels for that generation, research by Finimize has found.
Online financial planning platform Finimize found just 10% of millennials currently use a financial adviser, making this channel one of the least popular sources for getting help with their finances among 18 to 34 year-olds. Nevertheless, a third (33%) of millennials aspire to have access to an adviser in the future, making it the second most popular 'one day' option after a bank or building society (38%). The research also found nearly half (49%) of millennials currently rely on parents for financial advice, while just under a quarter (23%) turn to a friend for guidance. Advice from...
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