Rich Millennial Managing their own money
Sub-header from article: Wealthy young investors don't see much use for the wealth-management firms their parents rely on. They would rather pick their own stocks or plow their money into crypto.
Wondering if anyone in asset management is seeing this. Also, what do you think the fallout will be?
Article talks about how an individual received a windfall from selling his company (~$10M), and is investing in crypto, "undervalued" real estate, NFTS and such on his own.
Do you think its more of a generational thing, an advisor thing, a "stonks only go up" thing?