Investing Preferences and Financial Priorities in North America and Japan: A Generation Gap
Report Summary
Investing Preferences and Financial Priorities in North America and Japan: A Generation Gap
North Americans embrace online trading and financial planning while the Japanese fear investing.
Boston, July 31, 2014 – Developed economies are facing tremendous demographic shifts as a large portion of their population enters retirement. In the United States and Canada, wealth management firms are challenged to retain the assets of their core client base while retooling their offer to attract the next generation of investors. In Japan, firms are grappling with how to ignite an interest in investing and financial advice from boomers who are cautious with their investments and young adults who have avoided investing altogether. Across the three countries, wealth management firms must better understand the investing preferences and financial needs of consumers. Will firms transform in time, before a growing group of startups gains traction with younger investors?
Based on a November 2013 Aite Group survey of consumers' investing preferences, this report explores the investing preferences and financial priorities of North American and Japanese consumers. The first in a two-part series, it compares investing approaches across countries with similar economic profiles and describes investors' financial priorities.
This 42-page Impact Report contains 28 figures and five tables. Clients of Aite Group's Wealth Management service can download this report.