Understanding Gen Z’s Financial Mindset With Alex Azuaje and Harrison Welsh

Contrary to popular belief, Gen Z isn’t ignoring their financial future. Instead, they’re investing strategically with a digital-first mindset. Evan Wohl sits down with fellow OPUS advisors, Alex Azuaje and Harrison Welsh, to dive into the complex financial habits and expectations of Generation Z. They explore how Gen Z’s experiences with key historical events like the 2007 global recession and the 2020 pandemic have distinctly shaped their financial attitudes, creating a generation that’s both skeptical and entrepreneurial. From leveraging side hustles to exploring unconventional avenues like cryptocurrency and real estate, this generation is rewriting the financial rulebook. Alex and Harrison touch on: The definition and demographics of Gen Z  How Gen Z’s upbringing with technology as digital natives influences their financial choices  Their pragmatic, often skeptical approach to traditional financial structures The impact of historical financial crises on their career and investment strategies  Their entrepreneurial spirit and diversified income streams And more Resources: 2023 Gen Z Segmentation Study, Ernst & Young “Where Does Gen Z Go for Financial Info?”, Federal Reserve Bank of St. Louis Modern Wealth Survey 2024, Charles Schwab 2023 Insurance Barometer Study, LIMRA “Gen Zers Are Investing Earlier Than Boomers Ever Did. 2 Big Reasons Why.”, Barron’s Gen Z and Investing: Social Media, Crypto, FOMO, and Family , CFA Institute How the Great Recession Has Shaped Generation Z, Vericast Connect with Evan Wohl: Opus Private Client, LLC  [email protected]  LinkedIn: Evan Wohl YouTube: OPUS Private Client, LLC Connect with Alejandro Azuaje and Harrison Welsh: LinkedIn: Alejandro Azuaje LinkedIn: Harrison Welsh About Our Guests: Alejandro Azuaje is an associate and investment specialist at Opus Private Client, LLC. After graduating from college, Alejandro entered the financial planning industry. He joined Opus in 2017 and is elated to be working for a team that believes in holistic planning and executes its recommendations with efficiency and ease. Alejandro’s specialties are in financial planning analysis, financial modeling, and equity investments. He is a Westchester native from Purchase, NY, and an Alumnus of New York University with a bachelor’s degree in computer science. Harrison Welsh specializes in coordinating the many moving pieces of his clients’ financial lives. He believes in a bespoke approach to financial strategies, offering clarity and insights into cash flow management and progress toward achieving various financial goals. Harrison’s firm employs a macroeconomic approach, integrating all financial decisions through a comprehensive economic model to ensure a cohesive and effective strategy.