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The fountain of youth

North American wealth management proved remarkably resilient in 2020 due to surging markets and the rise of next gen investors. Clients born after 1965 now represent 24 percent of the total. The surge in youthful investing caused the largest single-year decline in average age of new clients in the ten years we’ve been publishing our annual report.

Client-demographic changes are accelerating; 2020 saw the largest single-year drop in average age of new clients.
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To read the article, see “The value of personal advice: Wealth management through the pandemic,” May 25, 2021.