New shopper knowledge exhibits a larger want for monetary recommendation throughout generations. intelliflo, the main cloud-based know-how platform for monetary advisors, at the moment launched outcomes from our not too long ago commissioned on-line survey carried out by The Harris Ballot. Greater than 2,000 U.S. adults have been surveyed round their attitudes associated to their present monetary conditions and the place skilled assist is required.
Key findings from the survey embrace:
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69% of Individuals are involved about their present monetary scenario; 64% of Gen Z (ages 18-25), 81% of Millennials (ages 26-41) and 75% of Gen X (ages 42-57) are involved about their present monetary scenario.
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Given the state of the present U.S financial system, lower than half of Individuals (48%) say they’re comfy with their present monetary plan.
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50% of Gen Z and 39% of Millennials say they’re uncomfortable with their present monetary plan.
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Paying down/off debt (28%), retirement planning (26%) and investing/portfolio administration (24%) are the highest three areas wherein Individuals say they want essentially the most skilled assist.
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80% of Gen Z and 84% of Millennials indicated there are areas with which they want skilled assist relating to their funds, in comparison with 70% of Gen X and 63% of Boomers (ages 58-76).
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The survey reveals a major want for larger accessibility to monetary recommendation. As a strategy to higher help these seeking to strengthen their monetary wellness, intelliflo is now a member of Monetary Well being Community becoming a member of modern monetary providers, monetary know-how, and different suppliers dedicated to enhancing monetary well being for all.
“We’re excited to welcome intelliflo as a member of the Monetary Well being Community,” stated Andrea Galvez, vp, Monetary Well being Community. “Enhancing monetary well being for all requires collaboration throughout the a number of industries that contact the monetary lives of Individuals, and we consider intelliflo’s experience will play an vital half in advancing this effort.”
“Our current survey highlights the widespread uncertainty persons are at present experiencing round their monetary conditions and the various areas wherein skilled experience is required,” stated Nick Eatock, Chief Govt Officer, intelliflo. “To assist join customers with the instruments and assets essential to enhance their monetary planning, we now have joined forces with the Monetary Well being Community. We’re proud to grow to be a member of Monetary Well being Community as their work immediately helps our mission to widen entry to monetary recommendation.”
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