Subscribe

Risk-averse millennials relying on parents for financial support, UBS survey shows

They hold twice as much cash as boomers and only 29% are happy with their portfolios

Seventy-four percent of affluent millennials are leaning on their parents for financial assistance, as the generation signals it's more risk-averse than baby boomers, according to a UBS Group AG survey.

Millennials hold twice as much cash on average yet don't feel safer or more content with their f

Subscribe or log in to read the rest of this content.

Related Topics:

Learn more about reprints and licensing for this article.

Recent Articles by Author

Advisers on front lines in battle against financial abuse of the elderly

As the population ages, more seniors are at risk of becoming victims of financial exploitation.

Finra panel directs UBS to pay $750,000 for Puerto Rico investment damages

Awards for damages tied to the island's debt crisis continue to climb this year.

Massachusetts regulator William Galvin charges broker with high-pressure sales tactics that harmed elderly

One customer with stage 4 cancer allegedly had nearly all her assets placed in a variable annuity.

Morgan Stanley to keep commission-based IRA business despite DOL rule in contrast to Merrill Lynch

Morgan Stanley clients may also choose individual retirement accounts that are fee-based.

Trump victory prompts optimism, risk-taking among wealthy investors, UBS survey finds

More than half of those surveyed plan to talk to their financial advisers about policy changes that will impact their investment portfolios and financial planning strategies.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print