Results from a Natixis Global Survey of Individual Investors show Millennials are changing.
- Two-thirds of those surveyed rely on some sort of advice. 40% work with a financial professional, and only 7% rely solely on automated advice, while another 19% use some combination of the two.
- 88% trust their financial professional when making financial decisions. Only 24% trust social media when making financial decisions.
- More Millennials are focused on risk management (48%) when selecting investments than even a fund’s ability to beat the benchmarks (26%).
- More than six in ten (66%) think passive funds are less risky. Two-thirds think passive funds will help them minimize losses.
- 52% want environmental, social and governance factors to be included in the investment analysis process alongside other financial factors.
- 45% of affluent Millennials think it will take a miracle to retire securely.