Survey Finds Affluent Millennials & Gen Xers Will Move More Assets to Advisors Over Next Decade

Amidst the proliferation of new financial planning and investing tools available to investors, a new survey finds affluent Generation X (Gen X) and Millennial investors plan to allocate more of their assets to financial advisors. Global X Funds, the New York-based provider of exchange-traded funds (ETFs), released today the results of its second annual "Beyond Baby Boomers" survey, which shows that 64% of Millennials plan on allocating a greater percentage of their assets to advisors over the next ten years. In contrast, 48% of Gen Xers and only 29% of a control group of investors plan on increasing funds given to an advisor. Meanwhile, only 18% of Millennials and 15% of Gen X investors plan on reducing their allocations to advisors during that period.