Everything listed under: Millennials

  • For Many Millennials, Robos Do Not Compute

    Millennials Prefer Banks, Credit Unions for AdviceThe robo Advisors have positioned themselves to attract Millennials, but new Kehrer Bielan research suggests that there may be a glitch in the robo model - Millennials think they will get better financial advice from a financial institution. Nearly half of households headed by a Millennial agree with the statement, "Banks, S&Ls and credit unions are the best source of advice regarding my savings and investments." In fact, ...  Read More...

  • Millennials Already Focused on Retirement

    Other Concerns Reflect Life Stage PrioritiesRetirement may be decades away for most Millennials, but according to new Kehrer Bielan research they are already preparing for it. When asked to identify the most important goal for their savings and investments, more Millennial households chose "Providing for retirement" than any other priority.While retirement is top of mind for Millennial households, nearly as many Millennials chose "Buying a Home" as their top financial priority. Providi...  Read More...

  • Is the Way to a Millennial's Heart Through Their Smartphone?

    For investment services firms trying to reach members of the Millennial generation, consider this: nearly half of all Millennials say they use an app on their smartphone or tablet to connect to a financial institution at least once during a typical month.In fact, Millennial households are 118% more likely than older households to use financial institution apps.The rise of mobile apps comes at a time when banks and credit unions are struggling to reach Millennials through traditional means. Kehre...  Read More...