The millennial generation is simultaneously the most talked about, sought after and yet curiously underserved demographic in the financial planning industry.
In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Douglas Boneparth, founder of Bone Fide Wealth. They discuss how today’s financial advisors can appeal to millennials and why bringing in younger clients is a worthwhile pursuit. This topic is inspired by Amy Winehouse, a Grammy-Award-winning singer-songwriter who died at 27 years old. Amy did not have a will. Her after-tax assets went to her parents, and her ex-husband is making a $1.4 million legal claim on Amy’s estate in a case that has yet to be adjudicated.
In this episode, you will learn:
- The story of Amy Winehouse: how her lack of planning and early death impacted her estate
- Why advisors are struggling to connect with millennials
- What this generation is looking for when it comes to their financial lives
- Reasons to empower young advisors to pursue millennial clients
- How to link millennials’ experiences to their most relevant financial planning tasks
- And more!
Tune in for actions you can take immediately to start attracting millennial clients.