Advisers should bank on young clients: Matthews
A Westpac Massey Fin-Ed Centre survey released this week showed 6 per cent of 20 to 24-year-olds surveyed had used a financial adviser before making a major financial decision.
Not one had used a budget adviser.
Westpac general manager business bank and wealth Simon Power said it was a concern that so many were relying on advice from their family rather than professionals.
“This is fine if you have financially savvy parents – but that is not always the case. Bad financial advice can be become a debt trap perpetuated by a family environment where poor advice is given.”
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[Weekly Wrap] Research shows KiwiSaver is a key issue in the election; GRTV Special looks at what's on offer.](https://goodreturns.publit.io/file/c_fill,w_300,h_200/36b7de93-7b53-4a06-855a-4a8f4009a280.webp)
