01.24.23
Fidelity Hopes To Bridge the Gap Between Aging Advisors and Young Investors
by: Jeff Benjamin
Fidelity Investments is hoping to bridge the gap between older financial advisors and younger clients. Fidelity has created a Young Investor Toolkit that includes a readiness assessment designed to help firms gauge how well they are addressing five key areas to evaluate for young investor growth and uncover opportunities to further strengthen their business. These areas include creating a sustainable approach, new technologies and digital presence, diverse talent and culture, modern product offerings and evolving client engagement models. “Our industry is approaching a transfer of wealth tipping point as younger investors look for an advice model that is different from what worked for their parents and grandparents,” said Anand Sekhar, vice president of Practice Management & Consulting at Fidelity Institutional. “Advisors who don’t adapt to this shift also risk the overall longevity and valuation of their firm.”
Read the full article on InvestmentNews