Leveraging Technology for Generational Wealth Planning
The Great Wealth Transfer is on the horizon, with $84 trillion going to heirs and charities by 2045.1 Advisors who… Read More
Insights and best practices for successful financial planning engagement
• Cara Woodland • November 1, 2022
In this month’s research roundup, we see cryptocurrency and environmental, social, and governance (ESG) investing are experiencing massive growth in the industry. Next-gen advisors have more focus on investment management and financial planning than established advisors, who place more emphasis on retirement income planning. Also, a recent look at consumer finance shows that many Americans are off-track financially.
A recent look at the state of personal finance for American consumers shows that many are struggling. Fifty-nine percent of survey respondents said they’re living paycheck to paycheck, leaving no room for savings, and 60 percent said they’d be concerned if they had an unexpected $500 expense. Dive deeper into Thrivent’s full report here.
This report takes a look at key differences between next-gen advisors and established advisors. The study revealed that established advisors primarily focus on retirement income planning and investment management, with financial planning being their third-most delivered service. Next-gen advisors, on the other hand, mostly concentrate on investment management and financial planning. Learn more by downloading the report here.
Gemini’s recent report claims that crypto has become an established asset class. Venture capital investment in crypto and blockchain startups exceeded $30B in 2021, with $10.5B invested in Q4 2021 alone. With cryptocurrency market capitalization over $3T and bitcoin achieving an all-time high of $65,000, the report claims crypto is the highest-performing asset class in the last ten years. Get the full report here.
It is often thought that the U.S. trails Europe in attitudes toward ESG. However, a recent report from PWC shows that this is not necessarily the case. Eighty-one percent of institutional investors in the U.S. plan to increase their ESG allocations in the next two years. This would create a rise of ESG AUM in the U.S. from $4.5T in 2021 to $10.5T in 2026. Learn more and read the full report here.
Be sure to stay tuned for next month’s financial planning research roundup!
DISCLAIMER: The eMoney Advisor Blog is meant as an educational and informative resource for financial professionals and individuals alike. It is not meant to be, and should not be taken as financial, legal, tax or other professional advice. Those seeking professional advice may do so by consulting with a professional advisor. eMoney Advisor will not be liable for any actions you may take based on the content of this blog.
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