EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.
How EY can Help
-
Our team can help wealth managers and private banks transform and grow their business. Find out more.
Read more
- Higher risk appetite: Millennials are 20% more likely than the average client to invest in alternative investments, 16% more likely than average to contribute to actively managed investments and three times more likely than older cohorts to use digital wallets.
- Demand for digital: 32% of Millennials see a strong digital offering as important when selecting a wealth management provider, exceeded only by a good track record of performance (34%). Millennials are also more likely (59%) than average (40%) to seek a wealth manager that continuously improves its digital platforms with feature enhancements.
- Greater interest in ethics and sustainability: When selecting a wealth management provider, Millennials place above-average emphasis on sustainable investment options (20% versus 8% of Boomers) and diverse teams (16% versus 5% of Boomers).