“Some millennials say that engagement should start as early as age 40, not when they’re close to retiring.
“Advisers can play a vital role in tapping into the financial needs of millennials at an earlier age than perhaps would normally be the case as there is clearly an appetite for advice.”
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Mr Hall added: “With age comes complexity, and bigger numbers. There’s a level where people think they can do things on their own, but when the sums become larger, they start to feel they need a second opinion, or they become too busy… that it makes sense to engage an adviser.”
eleanor.duncan@ft.com
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