Interesting data on millennials' investment habits from BlackRock’s latest Global Investor Pulse Survey. The report found that 58% of millennials are interested in robo advisers. At the same time, 64% of millennials believe that a personal relationship with their adviser is important. This builds very much on our believe that future of wealth is Tech with a human Touch to create higher quality advised at a lower cost.
A recent study finds many millennial investors are making a mistake when it comes to their allocation strategy—one that could cost them. BlackRock Blog Global Editor Ann Hynek shares her millennial perspective. From a young age, my parents ingrained in me the importance of saving and investing. My dad, ever the CPA, stressed the importance of capturing those tax-free dollars in my company’s 401(k) plan, even when I could barely make ends meet in my first job out of college. For the most part, my friends also understand the value of saving and investing, as we every once in a while compare debit card savings perks when we split the bill at brunch or compare notes on the latest financial software.