Advisors who want to work with the next generation of millionaires will need to roll up their sleeves.

Members of Generations X and Y--people between 23 and 48 years old--who have $1 million or more in investable asset are more active in the markets, engaged in planning and philanthropy, informed, optimistic and collaborative than their baby boomer counterparts, according to a new survey by Fidelity Investments.

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