As Americans age and (hopefully) amass increased levels of wealth over time, their investment strategies evolve.
Since understanding where a household stands on the age spectrum is valuable information for wealth managers when helping their clients develop investment strategies, we wanted to take a closer look at portfolio allocation preferences of U.S. households by generation:
Spotlight on Affluent Millennials
For Millennials who have $1 million or more in investable assets, how are their portfolios allocated? Below we’ve taken a look at their allocation percentages and how they differ from the generation as a whole:
- Deposits: 20.5% ( ▼ 10.5%)
- Mutual Funds: 32.1% ( ▼ 0.5%)
- Stocks: 33.5% ( ▲ 8.6%)
- Bonds: 7.2% ( ▲ 2.8%)
- Other: 6.7% ( ▼ 0.5%)
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