Unlocking the Needs of Today's Affluent Investors, and Opportunities in Each Generation, for Advisors
BERWYN, Pa., Dec. 6, 2023 /PRNewswire/ -- In an effort to unlock the intricacies of the affluent investor's mindset by generation, Envestnet, a leading provider of integrated technology, intelligent data, and wealth solutions, and The Center for Generational Kinetics today unveiled insights from their groundbreaking national study. This annual research delves into the generational nuances of affluent American investors, offering financial advisors actionable insights to foster trust, align business strategies, and ensure unparalleled service amid the headwinds of today's uncertain market landscape.
- The study unearthed a precipitous decline in the sense of financial security among affluent Americans from 72% in 2022 to 59% in 2023.
- Turning to their future sense of financial security, 62% of affluent Americans expressed worry about their financial future in 2023, up from 46% in 2022.
- This decremental shift reflects intensified uncertainties, market volatilities, and shifting global dynamics which have occurred over the past year.
- The prominent reliance of affluent Americans on financial professionals for advice and planning activities indicates the profound influence and trust vested in advisors.