Archiving and Compliance

How to Tap Into the Next Generation as a Financial Advisor


How to retain and attract the next generation of clients as a financial advisor to future-proof your business.

Want to tap into the next generation of clients? As a financial advisor, adapting and evolving is critical to stay current and to future-proof your business. With millennials and Generation Z becoming a dominant force in the market, it’s essential for advisors to cater to their preferences and needs. As we look to the future, here are some key strategies for tapping into the next generation of clients. 

Embrace Technological Advancements

It’s no secret that younger generations are proficient with technology. Having grown up in the digital era, they effortlessly navigate online platforms and mobile apps. To forge a connection with these tech-savvy individuals, financial advisors must also harness technological advancements.


One way to use technology to your advantage is through the use of social media and apps to reach the next generation. Establish a presence on platforms such as TikTok, Instagram and LinkedIn to build credibility and expand your reach. Sharing content on these platforms will allow you to personify your expertise, fostering trust, credibility, and authenticity.


You’ll also want to offer tech-based solutions with user-friendly interfaces. An easy-to-use client portal may be a value add for older generations, but younger generations consider it a given. 

Social Media Communication next generation

Communicate with them in Their Way

When it comes to technology, the one thing that it has completely transformed is the way people communicate with each other. Make sure to ask clients about their preferred means of communication – and be open minded to it. Afterall, it’s in your best interest to communicate with the younger generation on platforms that they are constantly checking, like Whatsapp. Younger generations are often more comfortable with digital forms of communication and may prefer this to in-person meetings to foster relationship buiding. When possible, consider sending quick check-ins and updates through text or Whatsapp messages, over long-form email communication. Being flexible with your communication can help better serve younger clients. 


Whichever form of digital communication you choose, make sure that you have the proper technology to proactively archive your client communication for compliance purposes. Presults is provides financial advisors with automated archiving across text messaging, Whatsapp, LinkedIn private messages and more to make it seamless to communicate with the next generation of advisors. 

Focus on Financial Education and Transparency

The next generation has grown up with endless resources and amounts of information at their fingertips and often approaches authority with more skepticism. Capitalize on their inclination for research by offering educational content spanning spending plans, debt management, investing, home ownership, and more. Consistently share insights and practical advice to aid their financial journey.


Transparency with any client is important, but with younger clients, you’ll want to be extra clear about your fee structure and the services you provide. Younger clients are more likely to engage and stay with advisors if they demonstrate transparency in their practices. 

Socially responsible investing

Cater to Sustainable Investing and Social Responsibility

Sustainable investing resonates deeply with Millennials and Gen Z. They seek investment opportunities that align with their values and are more inclined to work with advisors who prioritize sustainable investing. About one-third of millennials often or exclusively use investments that take ESG factors into account.


To target this demographic, integrate environmental, social, and governance (ESG) factors into your investment strategies. Beyond offering these investment opportunities, highlight the positive impact these investments have on society and the environment. Showcase your commitment to impact investing to attract clients who align with these values.

Teach the Importance of Debt Management

The next generation, even those with higher incomes, face the challenge of managing debt. With student loans, auto loans, credit cards, and mortgages, the average millennial now has six figures worth of debt. There is no denying that a proper debt management strategy is a vital part of their financial journey. 


Due to debt and their age, younger clients may have reduced net worth, but this doesn’t mean they’re not a good long-term client. A young doctor may have substantial student loans, but initiating a relationship with them now can result in a strong relationship with a high-net-worth client down the road. As a result, they may refer additional clients from their network to you too.

The Takeaway 

To tap into the next generation of clients, financial advisors must adapt their practices to align with the preferences and needs of millennials and Gen Z. By embracing new technology, communicating with them on their preferred communication channels, prioritizing financial education, and practicing sustainable investing advisors can position themselves as trusted partners for the younger demographic. Implementing these strategies allows financial advisors to build lasting relationships and secure a prosperous future with the next generation of clients.


Next generation of clients for financial advisors