Articles in "Millennials" category:

Ten Years Later: How the Financial Crisis is Still Impacting Investors

  John Diehl     Tue Nov 28 09:30:00 EST 2017 


Ten years ago, the U.S. housing market collapsed, which triggered the start of what is known as the Great Recession. Now that a decade has passed, Hartford Funds conducted a survey to find out how Americans were impacted and whether they changed their financial behaviors as a result. Three key points emerged from this survey that financial advisors may find to be particularly useful.

X Marks the Spot

  Bill McManus     Wed May 10 09:15:00 EDT 2017 


For several years now we have listened to the constant drumbeat about the importance of reaching out to the millennial generation to maintain and grow a successful financial advisory practice. However, when we look at the immediate opportunity for advisors, we may need to focus on a different segment of the population: Gen X.

When a Millennial Isn't a Millennial

  Bill McManus     Tue Jan 10 09:30:00 EST 2017 


The ball has dropped, the calendar has flipped, and we’re now easing into 2017, which means that each demographic cohort (Boomer, Gen X, Millennial) will be reaching new milestones.  The oldest Boomers will be turning 71; Gen X will move one year closer to retirement; and the youngest Millennials will all be driving. But those milestones, and frankly, those labels, don’t account for everyone, so while they serve as helpful guidelines, they shouldn’t be used as rules.

As we start a new year, maybe it’s time to take a fresh approach to how we view a certain group, both as potential clients and partners.  

Explaining How Donor-Advised Funds Are a Win-Win Situation

  John Diehl     Mon Sep 14 17:15:00 EDT 2015 

Close-up of coins in a human's palm (black & white)

Financial advisors, before your clients write checks to charitable organizations, consider another option. Encourage them to give more efficiently. Consider donor-advised funds for charitable giving.

Many advisors I speak with don’t consider charitable giving as an area that they can help their clients with, but really, charitable assets are no different than any other asset, particularly when it comes to investment advice. A donor-advised fund enables investors to contribute to charities in a way that often makes better financial sense, while reaping more emotional benefits from the gift. The receiving charities gain from it, and so do the donors.