The rise of "wealthy next-gen" investors1: Embracing new investments, new technology, and the value of human advice
Fidelity's latest survey of wealthy investors reveals marked differences between younger investors and previous generations.
- Gen Y and Gen Z will inherit $61T through 2048,2 with many becoming advised clients for the first time.
- Forward looking firms will need new skills, advanced tech, and an open mindset.
- Younger high-net-worth investors want to diversify beyond traditional equities and fixed income portfolios.
- Comfortable with AI, they welcome an advisor’s use of AI for many services.
- They are heavy consumers of investment information via video, podcasts and chat forums.
- Most intend to consolidate their accounts with a single investment resource.
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1. Wealthy next-gen investors are defined as households with $1M+ in assets, exclusive of their primary residence and any retirement savings
2. Deloitte Global Gen Z and Millennial Survey 2026
The 2026 Fidelity Investor Insights Study was an online blind survey (Fidelity not identified) that was fielded during the period March 6 through April 28, 2026. It surveyed a total of 2,652 investors, including 1,245 Millionaires and 1,548 investors with advisors. The study sample was provided by an independent firm not affiliated with Fidelity. Respondents were screened for a minimum level of $50K in investable assets (excluding retirement assets and primary residence), with additional quotas by age and affluence levels.
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