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Capital Group: Millennials Prefer «Finfluencers» for Advice

Summary by finews.asia

While the historic wealth transfer is creating many opportunities for the industry, traditional financial institutions face challengers including , according to a report by Capital Group. More than a quarter (27 percent) of millennial inheritors are more likely to turn to social media and online financial influencers, also known as «finfluencers», for investment advice, according to a study by US asset manager Capital Group. This com…

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finews.asia

Capital Group: Millennials Prefer «Finfluencers» for Advice

While the historic wealth transfer is creating many opportunities for the industry, traditional financial institutions face challengers including social media, according to a report by Capital Group. More than a quarter (27 percent) of millennial inheritors are more likely to turn to social media and online financial influencers, also known as «finfluencers», for investment advice, according to a study by US asset manager Capital Group. This com…

2 days ago

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