Are you closer to 22, 42 or 72 years old? Regardless, a 2018 Charles Schwab Consumer Digital Demands Survey found an interesting common denominator across investors of all ages. Whether online automation is your native tongue, or you’d rather get a root canal than spend time managing your own investments, almost every investor would prefer to have it all: easy online tools, plus easy access to a financial professional when assistance is in order.
Schwab hired an independent research firm to conduct its survey this summer, polling 1,000 U.S. adults. One data point I found particularly interesting: 70% of those surveyed agreed that “robos are a good start, but they expect to need more personal service for more complex situations.”
If you break that down among age groups, agreement remained strong:
78% of millennials, 72% of Gen X and 64% of Boomers somewhat or strongly agreed they still highly valued the human touch.
80% of those surveyed agreed that “Ease of use” was important, making it the top driver of trust in digital experiences.
79% of those surveyed agreed that “Easy access to human customer service” was important, which means it came in a very close second.
In short, investors understandably want the best of both worlds: accessible automation and personalized client care. That’s why we’ve developed Hillfolio, an affordable solution for extending evidence-based investing to a wider audience.
What are your financial goals? Are you saving toward retirement? Funding your kids’ college costs? Filling up that rainy-day fund? By helping you automate your excellent saving and investment habits, while offering the hands-on advice every family requires to make confident financial calls, our aim is to put the odds of success on your side. We don’t think that’s too much to ask for!
