Thursday, April 9, 2026

Mass Affluent Investors Link Over $1 Trillion in Assets On Personal Capital

Tue, 09 March 2021  |  technology investing 

In another example of the accelerating acceptance of investment technology by investors, Personal Capital, a digital wealth management company, reported a 28% increase in the amount of assets linked to its free online financial tools. The company now has visibility into over $1 trillion in linked account value or approximately 2% of U.S. investable assets, further proving that fintech is having its 'moment.'

During an unprecedented 2020, the company saw a 15% increase in new dashboard users and monthly login frequency increased 10%, underscoring a desire by many investors to ... Read More

Technology is Crucial in Financial Advisor Relationship

Tue, 09 March 2021  |  technology 

An Edward Jones survey on the digital client experience showed that 95 percent of the investors polled feel it's important that their financial advisors use the latest technology and tools when advising them. The financial-services firm's survey of more than 1,200 investors analyzed the impact of technology on financial advisor selection and in creating a financial strategy.

Despite the digital shift brought on by the COVID-19 pandemic, more than four in five respondents (83%) noted they would prefer to work with a human financial advisor, compared to just 17% who say they woul... Read More

The Conference Board Employment Trends Index™ (ETI) Increased in February

Mon, 08 March 2021  |  employment 

The Conference Board Employment Trends Index™ (ETI) increased in February, after an increase in January. The index now stands at 101.01, up from 99.69 (an upward revision) in January. The index is currently down only 7.8 percent from a year ago, which was the last pre-Covid reading.

"The Employment Trends Index increased again in February and signals strong job growth in the coming months," said Gad Levanon, Head of The Conference Board Labor Markets Institute. "The combination of declining new infections, lower pandemic-related restrictions, households flush with savings, and... Read More

Americans Spending More Time Managing Savings

Thu, 04 March 2021  |  savings 

Some Americans are spending more time managing their savings since the start of the COVID-19 pandemic and average seven hours per month managing their finances (e.g., paying bills, budgeting everyday expenses, and the like), according to a new survey from CIT's national direct bank, CIT Bank, conducted by The Harris Poll.

Twenty-six percent of Americans say they are spending more time managing their savings now than they were this time last year (i.e., before the start of the COVID-19 pandemic), with just 9% spending less time. Similarly, Americans report spending more time budg... Read More

Houses Driving Renewed Buyer Interest in Cities

Thu, 04 March 2021  |  housing real estate 

Houses, not condos, are driving a renewed buying interest in cities according to a new report from Redfin. The median home-sale price in urban areas nationwide rose 15.9% year over year to $292,263 in the four weeks ending February 21. This compared with a 15.5% increase to $332,291 for homes in suburban neighborhoods and a 14.3% increase to $284,593 for those in rural neighborhoods.

Although price growth is just slightly higher for homes in urban areas than the two other neighborhood types, it marks the first time since March 2020 that home-price growth in urban areas has surpa... Read More

The Real Estate Market Continues to Tighten

Fri, 26 February 2021  |  real estate 

Redfin, the digital real estate brokerage, reported that median home sale prices increased 15% year over year to $321,250 for the period ending February 21. Asking prices of newly listed homes hit a new all-time high of $343,961, up 11% from the same time a year ago. Pending home sales were up 18% year over year. During the single week ending February 21, pending sales were down 9% from two weeks prior. Over the same period in 2020, pending sales were up 7%. It's likely that last week's massive winter storm impacted housing market activity in many parts of the country.

Additio... Read More