Among the boom in new retail investors, millennials are the group most likely to vote their proxy in the 2021 season, according to a new survey from Broadridge Financial. Almost half (46 percent) of retail investors aged 25-40 say they plan to vote their proxy in 2021, a figure researchers say is the highest for any generation. Overall, 39 percent of investors with two years’ investing experience or less say they will definitely vote their proxy, with many (42 percent) saying they want to have a voice on issues that are important to them, and a significant number (38 percent) saying they feel it’s their responsibility to vote their proxy.
‘The recent rise of the individual investor has been driven by technology, mobile and zero-fee commissions,’ says Martin Koopman, president of bank broker-dealer and investor communication solutions at Broadridge, in a statement. ‘The survey data shows that newer and younger investors want their investments aligned with their values – especially when it comes to ESG-related issues. We are also seeing these new investors look to their advisers, brokers and fund managers for technology solutions that make it easier for them to vote their proxies with their values. To view the full article visit the IR Magazine.