Their lack of trust could be an indication that Gen Y-ers tend to be more independent and prefer making their own money decisions. But it could also be recessionary fallout.
More than half (53 percent) reported that they see technology as a function of the front office one that not only builds scale and differentiates the firm from others, but also has the capability to give clients a high-quality experience.
MFS Investment Management says boomers and millennials are maintaining asset allocations inconsistent with their true risk tolerances and investment time horizons.