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Distinct differences exist in the way millennial advisors and their older counterparts employ technology and the types of technology they favor, according to Nationwide Advisory Solutions' fifth annual Advisor Authority study, released Monday.
Twenty-nine percent of millennial advisors said adding new technology was the most important thing they would do over the next 12 months to bolster their practice's profitability, compared with 11 percent of baby boomer advisors who said this.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
