Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

May 14, 2018 Edition
Focus on Wealth Management

Millenials and money: Financial planners reach out to new generation of investors

Renee Cordes

While most millennials are still in the phase of creating wealth, their aggregated global net worth is projected to more than double between 2015 and 2020 up to an estimated $24 trillion, according to a Deloitte report. It's just one reason wealth managers are starting to focus on millennials. Another? More than two-thirds of wealth managers' clients today are over age 60.

Today's Poll

Does your company plan to give out a year-end bonus?
Poll Description

We've all worked at places where the annual bonus was a turkey, gas card or holiday jar of marmalade.

But most companies acknowledge the need to recognize hard-working employees with something more "liquid," as in cash.

HR Dive, citing a survey by the e-commerce firm Agital, estimated last week that 3-in-5 workers expect to get some kind of year-end bonus, and 42% said they expect a cash bonus.

The stakes are high for employers: About a third of workers surveyed, 34%, said without a bonus, they'd consider looking for another job. 

More Information