Intersections Tenth Edition

To  Robo or not to Robo; that is the question

Financial Institutors have a major opportunity to educate Millennials about financial instruments. Data from our initial primary  Millennial research indicates that 41% of the participants ages 21-34 do not yet have an investment philosophy, 55% would be likely or more likely to listen to a bank or credit union advisor and 21% consider themselves moderate risk takers. To gauge the interest of our Millennial research participants  about Robo advisors we asked them to rate four investment process options on a 5-point scale from 'not attractive to very attractive'.  Check out their responses.