What a special week. On Tuesday morning, I was scooped up in a large SUV to shoot millennial money segments at CNBC. While back stage I met Sue Herera (Nightly Business Report and Power Lunch) who gave me and my fellow panelist (Amanda Lott) some unsolicited parenting advice. She’s super nice and I was honored to meet and talk with her! While at the studio taped five segments with Sharon Epperson, which will be used online and on-air in the coming weeks. You can checkout my ride to the studio in the beginning of the BoneFide Wealth clip posted below.
Following the clip of my car ride, I discuss an interesting statistic InvestmentNews used as the basis for a cover story a few weeks ago. The stat states that 66% of children who receive an inheritance will fire their parents’ financial advisor and questions . You can read the article here. What will this mean for the older advisors and the industry? I don’t have all the answers, but I know things are going to change as boomer advisors start to retire in record numbers.
Lastly, Alyssa Windell, a passionate personal finance enthusiast and blogger, posted an interview we did together after meeting in a #MillennialTalk Twitter Chat hosted by Chelsea Krost. You can check out the interview and Alyssa’s blog, GenerationYRA, here. A big thanks to Alyssa for the interview. Seeing young professions like her embrace financial literacy is one of the reasons I get out of bed in the morning. Keep up the great work, Alyssa!