Younger Investors Are Redefining Wealth Management
Financial planning is no longer just about retirement savings and investment returns. Millennials (Gen Y) and Gen Z are reshaping the industry by demanding personalized, values-driven financial strategies.
According to the 2022 Fidelity Investments Investor Insights Study, younger investors prioritize holistic financial guidance, impact investing, and legacy planning. They also expect greater engagement from financial advisors, especially during periods of economic uncertainty.
At Finomenon Investments, we recognize this shift and provide comprehensive personal CFO services to meet these evolving needs.
5 Key Takeaways from Fidelity’s Study
1. Younger Investors Expect More Than Just Investment Advice
- 59% of Gen Y & Z investors want financial guidance beyond portfolio management.
- Only 25% of Baby Boomers feel the same.
Today’s investors expect help with estate planning, home buying, and tax optimization—not just investing.
2. Legacy & Purpose Matter More Than Ever
- 71% of Gen Y & Z investors value advisors who help them think about their legacy.
- Only 36% of older investors share this sentiment.
Younger generations care about estate planning, charitable giving, and multi-generational wealth strategies.
3. Charitable Giving & ESG Investing Are Priorities
- Gen Y & Z investors are 3x more likely than Boomers to seek charitable giving advice.
- 55% prioritize values-based investing over maximizing returns.
They want their portfolios to reflect their values, whether through ESG investing or philanthropy.
4. Economic Uncertainty Is Driving Advisor Demand
- 60% of younger investors feel a greater need for financial guidance.
- Rising inflation, interest rate changes, and market volatility have made financial planning more critical than ever.
5. Investors Want Access to Sophisticated Strategies
- 63% of younger investors expect advisors to offer alternative investments.
- Gone are the days of simple 401(k) and index fund investing. Today’s investors want private equity, venture capital, and alternative asset exposure.
How Advisors Must Adapt to This New Era
The 2022 Fidelity Study confirms that younger investors expect more from their financial advisors. At Finomenon Investments, we stay ahead of this trend by offering:
- ✅ Personal CFO-style financial planning
- ✅ Tax-efficient investing & estate planning
- ✅ Charitable giving & ESG investment strategies
- ✅ Access to private equity & alternative investments
- ✅ A proactive, hands-on approach to cash flow management
The old “set-it-and-forget-it” model is outdated. Today’s investors want a more engaged, strategic approach to wealth building.
The Future of Financial Planning
Financial advisors who fail to adapt risk losing relevance. Younger investors demand purpose-driven, personalized financial strategies that align with their values and aspirations.
If you’re a high-earning professional looking for a smarter approach to financial planning, let’s talk. Schedule a consultation with Finomenon Investments today
At Finomenon Investments, we are building a client-obsessed family office with a strong commitment to fiduciary responsibility. If you want to learn more about how we can help you achieve financial freedom, please feel free to reach out.
Disclaimer: This content is for informational purposes only and should not be considered investment advice. All investments carry risks, including the loss of principal. Finomenon Investments LLC cannot guarantee future results.
Image Credit: Images used are not created by Finomenon Investments, please share the source and author of the illustrator if you know to help give them credit
