Eighty percent of investors under the age of 40 don’t feel like they are getting adequate financial advice from their advisors, according to new findings from Cerulli Associates, leaving the doors wide open for asset managers and retirement plan recordkeepers to fill the advice gap.

“Investors under the age of 40 are often overlooked due to the focus on the Baby Boomer generation,” stated states Kevin Chisholm, associate director at Cerulli. “However, these investors are the key to financial services firms’ long-term success.”

Roger Stamper, an analyst at Cerulli, noted that: “The most significant financial decisions made by households typically occur well before the age of 40. The multitude of life events taking place during these years is likely to dictate younger investors’ interactions with financial providers as they progress through various life stages.”

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