Connect with us

Finance

Gen Z Flocks to Finfluencers for Investment Advice: CFA Study

Published

on

CFA study says Gen Z follows finfluencers for investments | Reelstars

Generation Z investors are seeking guidance on investment decisions from a unique source – finfluencers. The term “finfluencers” refers to financial influencers who engage audiences through social media platforms like TikTok, YouTube, and Instagram. A recent study by the CFA Institute sheds light on this trend, exploring why Gen Zers turn to finfluencers, the challenges faced by regulators, and making recommendations to enhance financial education and transparency.

Why Gen Z Chooses Finfluencers

The research highlights that factors such as a lack of financial literacy, limited interaction with traditional financial advisers, and the perceived cost of seeking professional advice contribute to Gen Z investors turning to finfluencers for information. These influencers simplify complex financial concepts and provide insights on investment decisions through easily digestible content on digital platforms.

Finfluencer Content Analysis

The study delves into the content presented by finfluencers across different social media channels in the US, UK, France, Germany, and the Netherlands. Among the findings, 45% of the content offered general guidance, 36% included investment promotions, and 32% gave specific investment recommendations. Notably, only 53% of content with promotions included disclosures, emphasizing a need for transparency in influencer-marketing relationships.

Gen Z follows financial influencers | Reelstars

Regulatory Challenges

The report identifies challenges in regulating finfluencer activities, especially in a cross-border social media context. It recommends that regulators collaborate to establish a universal definition of an investment recommendation, engage with finfluencers to clarify regulated activities, and publicly report data on complaints related to finfluencers.

Recommendations for Industry Stakeholders

The study provides several recommendations for different stakeholders in the industry, including regulators, social media platforms, investment companies, financial education providers, and professional investment advisers.

Regulators are advised to cooperate, design a universal definition for investment recommendations, engage with finfluencers, and publicly report data on complaints.
Social media platforms are urged to enhance controls and ensure clear disclosure of advertising content.
Investment companies using finfluencers should provide compliance training, review content for compliance, and maintain records of commissioned social media content.
Financial education providers should strengthen initiatives to enhance financial literacy among Gen Z investors.
Professional investment advisers are encouraged to engage Gen Z by promoting their knowledge, competency, duty of care, and ethical responsibilities in the digital age.

As the popularity of finfluencers rises, especially in markets like India, accountability in financial conversations becomes crucial. The CFA Institute’s comprehensive report serves as a global guide, addressing challenges, offering insights, and paving the way forward in this emerging space. The report emphasizes the need for collaboration, transparency, and continuous efforts to empower Gen Z investors in navigating the complexities of the financial world.

Seasoned journalists covering interesting news about influencers and creators from the social world of Entertainment, Fashion, Beauty, Tech, Auto, Finance, Sports, and Healthcare. To pitch a story or to share a press release, write to us at info.thereelstars@gmail.com

Finance

Finance Experts on Social Media Make Managing Money Easy

Published

on

Neha Nagar - The Reelstars

Finance education is essential for managing personal finances. In today’s digital era, Finance Educators, aka Finance Influencers, have emerged to make things more accessible so you can understand them better. Financial influencers are here to help you manage your finances more effectively. Financial education has become accessible quickly because the Finance Influencers are here to help us. 

Neha Nagar @iamnehanagar

Neha Nagar is a CA dropout who started her content creation journey during the pandemic. She is based in Noida and worked in a BPO to save money for her MBA in finance. Now, she owns a taxation consultancy company called TaxationHelp.in. Her content is based on various subjects, from finance, cryptocurrency, taxation, stock market, trading, and government schemes. She has 1.8 million followers on Instagram, a huge turning point. 

Neha Nagar’s influence in the finance industry is a personal achievement, her expertise and dedication are recognized. Crowned as the Finfluencer of the Year by NDTV and Exhibit, she is a former wealth manager, entrepreneur, and angel investor with over eight years of experience. Her content, delivered in a unique and engaging filmy style. However, she is a testament to her commitment to ‘Educating To Master Your Money ‘.

Here is a financial Tip by Neha:

Regularly investing in SIPs can be a powerful strategy for growing wealth. This simple yet effective advice has the potential to transform your financial future.

Himani Chaudhary @thehimanichaudhary

Himani Chaudhary craves a happy ending in financial health from Delhi. She is a full-time content creator, investor, and part-time trader (Swing Trading). Her mission is to simplify finance through her financial education. 

Himani is an NISM-certified research Analyst and an AMFI-regulated Mutual Fund Distributor. She served Deloitte as a Risk Manager for 4 years and studied Data Analytics at IIT Delhi. 

She is a founder of financial.vines. Here, she provides 24-hour Trending Market & Finance Updates. She also gives over 40 Free Online Calculators & Excels to Optimize Personal Finance. 

Her videos cover investments, credit cards, new government rules, stock market, mutual funds, taxes, and financial news.

Here is a financial Tip by Himani:

If you want to take a loan from a bank, always negotiate with 2-3 banks and remove or reduce the processing fee, which can save your lakhs of rupees. 

Udayan Adhye @udayanonmoney

Udayan Adhye is here to simplify finance and investing with his easy tips and tricks. He has been licensed since 2015 and is AMFI & IRDAI registered. He is a Pune-based financial content creator who helps people understand money.

Udayan creates monthly personal finance content that reaches over 20 lakh people and has an Instagram family of 441K followers. He is also the co-founder of an investments and insurance business that works with over 300 families across India. Moreover, They manage a 9-figure+ portfolio in client assets and advise more than 1000 families in the insurance sector. 

He is also a Thriller Novelist with over 50K readers worldwide. He has written a four-book thriller novel series – The Siya Rajput Crime Thrillers. A leading Mumbai-based production house has optioned the series to be a TV show and a major motion picture.

Here is a financial Tip by Udayan:

Invest 10%- 20% of your monthly income in SIPs. Start with a small amount and increase it as and when possible.

Investment should be done with proper knowledge of finance, and these financial influencers can help make it easy and accessible. Follow them to make your financial investments more efficient. 

You should invest wisely with the help of creators discovered on The Reelstars!

Continue Reading

Finance

Amazon Unveils Creator University and Creator Connect in India

Published

on

influencers - The Reelstars

Amazon.in is stepping up its game to support content creators with the launch of two exciting programs: Creator University and Creator Connect. These initiatives aim to equip both aspiring and established influencers with the skills and resources they need to thrive within the Amazon ecosystem.

Creator University is a Learning Hub for Creators

This comprehensive program offers practical guidance on every aspect of content creation within the Amazon.in ecosystem. Participants can access:

  • In-depth video tutorials: Learn how to identify the perfect products to recommend, craft engaging content, and effectively drive traffic to Amazon.in.
  • Informative articles: Gain insights on building a strong audience and optimizing content for maximum impact.
  • Interactive workshops: Deepen your understanding through practical sessions on various influencer-related topics.

Creator Connect will Foster Collaboration and Growth

Creator Connect goes beyond education, fostering connections and collaboration among Amazon’s influencer community.

  • Strategic events: These in-person gatherings coincide with major sales events, generating excitement and attracting new creators.
  • Interactive experiences: Workshops led by established creators provide valuable peer-to-peer learning opportunities.
  • Networking opportunities: Connect with Amazon leaders and fellow influencers, fostering collaboration and growth.

The Power of Content Creators

As Gaurav Sharma, a content creator with a 1.3 million strong Instagram following. Moreover, points out, influencers play a crucial role in promoting brands and driving product discovery. Events like Creator Connect create a supportive environment where creators can exchange ideas and connect with Amazon leaders. However, established influencers, and product experts.

Equipping Creators for Success

Kishore Thota, Director, Shopping Experience, India & Emerging Markets, Amazon, emphasizes the importance of empowering creators. Creator University and Creator Connect are designed to do just that. Furthermore, by providing creators with the tools and knowledge they need to succeed on Amazon.in.

Shifa Shaikh, an emerging Instagram creator, echoes this sentiment. Having discovered the Amazon Influencer Program and now Creator University. However, she sees the potential to elevate her content and monetize her work.

Building on Existing Programs

These new initiatives join Amazon’s existing offerings for content creators, such as the Amazon Influencer Program. This program allows influencers to earn commissions on qualifying purchases driven by their content. Furthermore, providing them with a platform to monetize their efforts.

With the launch of Creator University and Creator Connect. Amazon.in is further solidifying its commitment to supporting content creators in India. By providing them with the resources and opportunities they need. However, Amazon is helping these influencers build successful businesses and reach even wider audiences.

Continue Reading

Finance

Nikhil Kamath Backs Collective Artists Network in Creator-First Move

Published

on

nikhil-kamath-vijay-subramaniam - the reel stars

Zerodha co-founder Nikhil Kamath has joined forces once again with entrepreneur Vijay Subramaniam, this time by investing in Collective Artists Network (CAN), a talent management agency led by Subramaniam. This marks Kamath’s second venture with Subramaniam.

The investment facilitates a significant return (over 5x) for InMobi’s Glance, which had previously invested in CAN in 2021. This signals a strategic exit for Glance.

Collective Artists Network

Originally known for its expertise in talent management, Collective Artists Network has evolved into a multifaceted new media powerhouse. Its services now encompass talent management, creator tech, production, creative strategy, influencer marketing, youth marketing, sports sponsorship and consulting, and media distribution. This broad-based approach, as per the company, aims to redefine the creator-driven new media landscape and maximize impact in today’s dynamic media scene.

Collaboration and Shared Vision

This investment comes on the heels of a recent collaboration between Collective and Kamath-backed Gruhas. Together, they launched the ‘Gruhas Collective Consumer Fund (GCCF)’ to support consumer-focused businesses and attract external investments. The fund offers not just financial backing but also mentorship and operational assistance. Furthermore, empowering portfolio companies in marketing and brand building.

Kamath and Subramaniam Have A Shared Belief in the Evolving Media Landscape

Commenting on the investment, Kamath stated that supporting Collective’s vision feels like a natural progression. He has closely observed the company’s growth over the past few years. Furthermore, shares a similar outlook on the potential of the Indian media scene. He expressed his enthusiasm for being part of Collective’s journey as they challenge the status quo and redefine the media landscape and creator ecosystem.

Vijay Subramaniam, Collective’s Founder and Group CEO, echoed Kamath’s sentiment. He views Kamath’s investment as more than just financial support; it signifies the trust and collaboration they’ve built over time. Subramaniam has long emphasized the need to institutionalize the largely unorganized media and entertainment space in India. This vision, he believes, will ensure shareholder value and set new benchmarks in media, technology, and entertainment.

Subramaniam further acknowledged Glance’s role as a valuable partner and expressed his appreciation for their trust in Collective. He also highlighted his shared belief with Kamath that India is poised to become a global media powerhouse. However, with media and entertainment playing a pivotal role in the country’s growth story.

Stay tuned for more updates on this new collaboration between the Bangalore-based entrepreneurs.

Continue Reading
Advertisement

Trending

Enable Notifications OK No thanks