Apex Fintech Solutions' Data Highlights Millennials as the Most … – Business Wire
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DALLAS–(BUSINESS WIRE)–Apex Fintech Solutions (“Apex”), a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all, today released its Fourth Quarter 2022 Apex Next Investor Outlook (“Q4 ANIO Report” or the “report”). New to the report is a longer-dated lookback at investor activity over the last three years.
The report, which analyzes proprietary data of U.S.-based investors who trade through introducing brokers on the Apex Clearing platform as of December 31, 2022, sheds light on the top 100 stocks1 held by investors across four generations, with a special focus on the millennial and rising Gen Z2 demographics. The report is not intended as securities analysis nor as a recommendation to buy or sell any investment and is meant for informational purposes only.
Specific themes in the Q4 ANIO Report include:
“As a partner for the industry’s leading online investing platforms, Apex has a unique view into the changing landscape of digital wealth management,” said Connor Coughlin, Chief Commercial Officer, Fintech at Apex Fintech Solutions. “Throughout the fourth quarter 2022, retail investors displayed a risk-managed approach to trading and strategic investing as they continue to navigate recession fears. Millennials were the most active traders in the fourth quarter, demonstrating clear engagement and attention to evolving market conditions.”
Over the past few years, aggregate assets for all generations have risen ~16% to $52.4 trillion, while millennials and Gen Z are gaining wealth at a rate of 25%, much faster than the older generations.3 Such a massive shift in market power is fueling major implications for how, when, and why financial services are consumed today and in the future. In turn, for the first time, Apex included longer-duration data analysis to evaluate investor behavior during this period, deemed to be the “rise of the retail investor.”
The analysis found:
Overall, the report analyzed more than 1.3 million Gen Z accounts, in addition to over 4.0 million accounts held by Millennials, 2.0 million held by Gen X, and over half a million held by baby boomers. Apex defines generations according to the following:
To download the full ANIO Report, click here.
About Apex Fintech Solutions
Apex Fintech Solutions is a fintech powerhouse enabling seamless access, frictionless investing, and investor education for all. Apex’s omni-suite of scalable solutions fuel innovation and evolution for hundreds of today’s market leaders, challengers, change makers, and visionaries. The Company’s digital ecosystem creates an environment where clients with the biggest ideas are empowered to change the world. Apex works to ensure their partners succeed on the frontlines of the industry via bespoke custody & clearing, advisory, institutional, digital assets, and SaaS solutions through its Apex Clearing™, Apex Pro™, Apex Crypto™, Apex Advisor Solutions™, Apex Silver™, and Apex CODA Markets™ brands.
For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com.
The availability of products and services may vary by country. Nothing herein is an offer to sell or a solicitation of an offer to buy securities, products, or services by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. The summary data in this report is composed of specific types of accounts that met certain criteria that clear through Apex (e.g., self-directed individual accounts within a certain age range at a particular point in time). Any company stocks and ticker symbols that appear herein are for illustrative purposes only and do not constitute a recommendation for a particular security. All investments carry risks. Investment returns will fluctuate and are subject to market volatility. An investor’s shares, when redeemed or sold, may be worth more or less than their original cost. You should consider your investment objectives, the risks involved, and consult with your investment and/or tax professional about your specific circumstances prior to making an investment decision.
1 Top 100 stock rankings reflect the 100 largest holdings based on notional values as of December 31, 2022, held across all retail accounts on the Apex platform.
2 The generations are segmented by the birth date of the account holders: Baby Boomers: 1946-1964 (Age in 2022: 58-76); Generation X: 1965-1980 (Age in 2022: 42-57); Millennial: 1981-1996 (Age in 2022: 26-41); Generation Z: 1997-2012 (Age in 2022: 25 and younger).
3 “U.S. High-Net-Worth and Ultra-High-Net-Worth Markets 2021,” Cerulli Associates, January 20, 2022.
Sara Widmann/Gwyn Hodges
Gasthalter & Co.
Sara Widmann/Gwyn Hodges
Gasthalter & Co.