Although they have little trust in financial advisers, young American investors feel they are well-educated about handling their own budgets and are optimistic about the future.

"With access to online resources and tools, younger generations are now able to take financial matters into their own hands to gain the financial confidence they need to succeed." said Stuart Rubinstein, managing director of client engagement at TD Ameritrade, Inc.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.