What is MYPROSPERITY?
THE AUSTRALIAN MILLENNIAL
If you were born between 1980 – 2000, you are classified as a ‘Millennial’. In Australia, there are currently 4.9 millennial’s and by the end of the decade, they will represent the largest adult segment of the population.
WHAT DOES A MILLENNIAL LOOK LIKE?
There is currently 4.9 million
81% are keen to learn how to manage their finances
63% want a mobile platform that connects directly to Advisors
67% of millennial’s want software that enables tracking of transactions, payments and other financial data in real-time to provide better recommendations.
84% seek some sort of financial advice.
72% describe themselves as self-directed with direct controls over their wealth.
They are by and large, a self-sufficient generation who prioritise convenience and want 24/7 access to their financial information.
WHAT DOES A MILLENNIAL WANT?
Research suggests that whilst this group are tech savvy, they see technology as paramount to the client experience but not a substitute for human advice – they want real relationships which is something technology can’t deliver on its own. They want a genuine and authentic experience which is enhanced by leveraging off technology.
WHY IS ALL THIS IMPORTANT?
There is a massive wealth shift underway with millennial’s set to receive the largest intergenerational wealth shift in history. Some estimates suggest Australia will see more than $3 trillion change hands over the next 10 – 20 years as the baby boomers pass on their wealth to the generation xer’s and millennial’s.
So if you have been fortunate enough or are anticipating sharing in this massive wealth transfer or if you would just like to feel in more control of your finances, we would like to help you manage and plan for your future using the latest in financial savvy technology.
Come and talk to us about “myprosperity” – a web based platform enabling you to get control of your entire financial world.