FYI: Affluent investors of all age groups make little use of robo-advisors, according to a survey by D.A. Davidson.
The report also found that even as millennials continue to embrace technology, they prefer to work with a traditional financial advisor. More than half (52%) still entrust the bulk of their investments to a traditional financial advisor, while less than 8% use a robo-advisor. The report noted that only 3% of Gen X and 1% of boomers use a robo-advisor.
Regards,
Ted
https://www.fa-mag.com/news/a-majority-of-rich-americans-got-early-start-on-saving-50735.html?print
