Millennials prefer to get their financial advice in person more than any other age group.
That's according to a Salesforce.com report.
Also according to the report, millennials prefer getting advice in person to any other form of communication.
The news is good for big banks, such as UBS and Morgan Stanley, which think they can fend off a stampede of startups looking to chip into their prized wealth-management and asset-management businesses.
The news is bad for startups, such as Betterment and Motif Investing, in New York and in the Bay Area that have crashed the personal-finance space, set on chipping into a multitrillion-dollar industry.
Have a look at the below graphic from Salesforce's "2015 Wealth Management for Connected Investors" report, which illustrates how various age groups prefer to get advice and make investment decisions:
For a little additional context, here's the color-coded chart Salesforce used to illustrate the survey (in case you don't believe it):
Join the conversation about this story »
NOW WATCH: JAMES ALTUCHER: Why investing in a 401(k) is a complete waste of money