Millennials Expect Unrealistic Investment Returns

Millennials are overconfident on how much money they'll earn in the markets.
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Millennials are overconfident on how much money they'll earn in the markets.

"They expect outsized investment returns," said David Canter, head of the registered investment adviser segment at Fidelity Investments. "Up to 16% annually -- and no surprise, they really want technology as part of their advice proposition."

Canter said young people, according to a recent Fidelity survey, want financial advisers to help them not only with money management but also life events. 

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