... annels.The 2024 study is based on responses from 9,951 investors who work directly with a dedicated financial advisor or team of advisors. The study was fielded from January 2023 through January 2024....
2024-03-21 | banking brokerage retirement technology
... 19 million clients are also actively engaging with Erica – the most advanced and first widely available virtual financial assistant – to make managing their finances even easier. ...
2023-06-01 17:00:00 | housing interest rates
... arlier during the four weeks ending May 28, one of the biggest declines since the start of the year. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That year-over-year drop is especially notable because pending sales had already started falling at this time last year as mortgage rates shot up past 5%.Seasonally adjusted measures of homebuying demand show that it has also dipped in earlier stages of the house hunting journey. Mortgage-purchase applications and Redfin’s Homebuyer Demand Index—a measure of home tours and other servic...
2023-05-24 10:23:10 | investing
... ...
2022-04-26 13:00:00 | investing pandemic
... creating loyal clients who will deepen their relationships to include revenue-generating services that address their broader financial needs for things such as advice, cash management and lending,” Foy said. “Right now, that’s precisely where many firms are dropping the ball. They are struggling to meet their clients where they are at this point in their lives and deliver the type of personalized advice, educational tools and problem-free experiences they need to grow with their firms.” Study Rankings T. Rowe Price (768) ranks highest in self-directed investor satisfaction among...
2021-08-16 09:08:19 | housing
... in agents faced competition, down from a revised rate of 66.5% in June and a pandemic peak of 74.1% in April, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage While July's bidding-war rate was the lowest since January, it was still higher than the 57.9% bidding-war rate we saw in July 2020, when the housing market was recovering following a shutdown caused by pandemic restrictions. Homebuying conditions have been improving this summer following months of fierce competition and soaring prices that were driven by an intensifying housing short...
2021-06-10 08:52:09 | housing interest rates
... r of buyers who locked in mortgage rates to purchase a second home nationwide rose 48% year over year in May, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Though that's a significant increase, it's the first time in a year the annual growth rate has fallen below 80%. Year-over-year increases are likely exaggerated because demand for second homes was relatively low in May 2020 due to the coronavirus pandemic slowing real estate activity. Demand for vacation homes jumped in June 2020 as the U.S. real estate market came roaring back to life,...
2021-04-27 09:18:23 | investing
... guidance when they strongly agree that their brokerage firm provides useful guidance or advice. Despite this significant boost to customer satisfaction, fewer than half of self-directed investors say their firm provides useful guidance or advice. Meeting clients’ holistic financial needs: Overall customer satisfaction is highest when investors use four or more products with a wealth management firm, which can include services such as investment accounts, banking relationships and mortgages. Among do-it-yourself investors, satisfaction scores are 103 points higher when investors use f...
2021-04-06 12:00:00 | pandemic affluent
... ke into consideration credible reputation (63%) and fees (53%), as well as personal recommendations (42%) and accessibility (41%). One out of five (20%) respondents prioritize socially responsible investing, with top considerations including environmental impact/conservation (50%), personal interest/use of the company’s products (43%), and equity for racial minorities (41%). Additionally, 40% of respondents would be more likely to consider investing in a company that provides pay equity for all employees and supports charitable efforts aligned with their own. “No matter wher...
2021-02-26 | real estate
... s." To view the full report, including charts and methodology, please visit: https://www.redfin.com/news/housing-market-update-polar-freeze/ Source: Redfin...
2021-02-25 | housing
... ...
2021-02-23 15:00:00 | advice banking
... etain customers in a digital world, NTT DATA surveyed 4,807 consumers and 476 senior executives in banking, brokerage, capital markets, wealth management, and cards and payments across the U.S., UK, Germany, Spain, Italy, Japan, Brazil and Mexico in December 2020. Key study findings include: 1) The top five reasons customers leave their financial institution center around price, access, and trust (ranked in priority order). High fees Poor customer service Data breach Unattractive savings and loan interest rates Competitive offers 2) Trust is most important t...
2021-02-22 14:00:00 | investing demographics
... e brokerage accounts, at 66% more investors said an easy to use web and desktop platform is an essential feature than any other, followed by real-time market data (61%) and commission-free trades (60%). 39% identified customer support by phone as the most essential feature, 38% want a free mobile trading app, and 35% are looking for advanced trading features, such as charting and stock screeners. A free mobile trading app is essential for more than half of investors 40 and under (52%) vs. fewer than 1 in 3 (31%) investors older than 40. Source: TradeZero America...
2021-02-12 12:30:30 | real estate pandemic
... weeks/ Source: Redfin...
2021-01-08 12:00:00 | stock market investing
... distribution across online brokerages, geographic regions, and age bands. Source: E*TRADE...
2020-12-29 | housing real estate
... 34% year over year. In the single week ending December 20, pending sales were up 30% from the same week a year earlier. New listings of homes for sale were up 12% from a year earlier. Active listings (the number of homes listed for sale at any point during the period) fell 31% from 2019 to a new all-time low. 39% of homes that went under contract had an accepted offer within the first two weeks on the market, well above the 26% rate during the same period a year ago. The average sale-to-list price ratio, which measures how close homes are selling to their asking prices, declined sligh...
2020-12-20 | housing mortgages
... , according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median monthly mortgage payment nationwide reached a low of $1,094 in November, down from a peak of $1,163 in February, the month before the coronavirus was declared a pandemic. Redfin analyzed median monthly mortgage payments based on each month's median list price and average mortgage rate by month, both nationally and for the 50 most populous metros in the U.S., excluding December. The median list price nationwide was $336,000 in November, the highest median price on record, but t...
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