09.13.23
Advisors Should Focus on Young Investors Who Need Charitable Planning, Fidelity Says
by: Karen DeMasters
Young investors want advice on charitable giving from their financial advisors, according to a study by Fidelity Charitable, creating an opportunity for advisors to gain an advantage with this age group. Despite their age, younger investors are twice as likely as baby boomers to value an advisor’s help in leaving a legacy, the Fidelity Investor Insights study of 2,490 investors showed. “We find that younger generations view their relationship with their advisor as more than an avenue to generate financial returns,” Karla Valas, head of distribution at Fidelity Charitable, said. “Generations Y and Z, which now outnumber boomers and control an increasing share of wealth, rely on advisors to guide them on how to strategically participate in charitable giving and use their financial means to make an impact in the world that aligns with their personal values.”
Read the full article on Financial Advisor