Millennials Cast A Skeptical Eye On Fees
February 28, 2017 by Cyril Tuohy
Millennial investors often take the heat for not putting enough money aside for retirement. But new research has found these young investors don’t get nearly enough credit for taking on advisors over fees.
And who can blame millennial investors for casting a cold, skeptical eye on advisor fees?
Millennials have matured in an age of $7 trades and pricing transparency enabled by the Internet. They feel comfortable investing through computer-based algorithms and they have bought into the low-cost indexing. All of these factors have helped pressure advisor fees.
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