Millennials don’t invest in “old stalwarts” like ExxonMobil and Pfizer. They invest in what they believe in: disruptors and innovators.
Infographic by Apex Clearing
Many millennials can’t afford a Tesla, but they buy into the factor that Tesla is disrupting the transportation sector.
Facebook is a product they grew up with.
Infographic by Apex Clearing
Millennials are an enormous demographic, accounting for roughly 71 million out of 329 million Americans. They’re just entering their prime earning years and they’re about to inherit an enormous amount of wealth. In 12 years, by the year 2030, they’ll hold about four to five times more wealth than they hold today.
Infographic by Apex Clearing
“Millennials, they are driving the change. They are driving what our financial services are going to look like 5, 10, 15 years from now,” Capuzzi said.
Square is the No. 1 financial services company invested in by millennials.
Infographic by Apex Clearing
Millennials are investing in Chinese companies that focus on innovation. They think China has become more relevant from an economic perspective.
Infographic by Apex Clearing
Hundreds of thousands of millennials are invested in companies like Amazon. “We as an industry have to think differently” about financial services and investing, Capuzzi said. Questions remain: How are millennials ultimately going to put their stamp on financial services? Will incumbents get past the inertia of living quarter-to-quarter to win over a generation of new investors?
