If millennials and their Generation X counterparts don’t have enough investable assets, why would they hire a financial advisor. That’s typical thinking in the investment management and financial planning industry. In fact, this was basically the statement made by another advisor when interviewed by Financial Advisor magazine. Is it true?
Alan Moore and Michael Kitces, launched the XY Planning Network in 2014 to battle against this thinking. Click on the following link to read their take on this issue. I particularly liked reading about their personal histories.
http://www.fa-mag.com/news/rebuttal-response-23368.html
BTW – I am proud to be a founding member of XYPN!