... rom a year ago. This performance is consistent with the long-term trend of investor satisfaction moving in concert with stock market performance and illustrates a potential risk factor for advisors whose perceived value is dependent on market forces.Younger affluent clients present greatest flight risk: Intended attrition rates tend to be very low among clients with advisors, especially among Gen X and older clients. Millennials—particularly more affluent Millennials—are a different story. More than one-third (36%) of Millennials with more than $1 million in investable assets say they are ...
2023-06-01 | wealth management hnw
... merica, Europe, and Asia-Pacific. To bring in the industry perspective, the 2023 Wealth Management Executive Survey covers more than 90 responses across 14 markets, with representation from pure WM firms, universal banks, independent broker/dealer firms, and family offices. The 2023 Relationship Manager Survey covers more than 800 responses across nine markets. The survey questioned relationship managers about their views on the firm’s WM strategy priorities, their satisfaction with the support provided by their WM firm, and customers’ increased interest in new products/offerings....
2022-09-22 | consumers demographics women
... ned about market volatility vs 58% of men — which explains why more men than women have paused their retirement contributions and withdrawn money from the stock market. Women expect more from their employers: 44% of women (and 56% of millennial women) would leave their current company if its values on reproductive rights did not align with their own. The Ellevest Financial Wellness Survey 2022 gives further insights into women's money mindsets. Highlights from the findings show: A higher salary does not mean less financial stress: Surprisingly, wealthy women are feeling financial stre...
2022-08-09 12:00:00 | economy inflation
... onths, with over half also concerned about market volatility (57%) and the value of their current investments (59%). Generation X is more concerned than Millennials or Boomers about inflation, the stock market, and the economy. Less than a quarter of Americans were willing to cut retirement or education savings, demonstrating their long-term financial commitment. Brie Williams, head of Practice Management at State Street Global Advisors, said the majority of Americans are sacrificing discretionary spending rather than long-term savings. “Notably, less than one-quarter of American...
2022-08-05 12:00:10 | investing
... APAC 6 in 10 investors in Asia Pacific are optimistic about the stock market and economy, the highest of all regions. Long-term investment themes include energy security and smart mobility. UBS Investor Sentiment poll UBS surveyed 2,864 investors with $1M in investable assets and 1,129 business owners with $1M in annual revenue and at least one employee from June 29 to July 19, 2022. The global sample included Argentina, Brazil, Mainland China, France, Germany, Hong Kong, Italy, Japan, Mexico, Singapore, Switzerland, UAE, UK and US. UBS surveyed 2,644 investors and 1,084 busi...
2022-07-13 | demographics investing
... nd saving, with 75% saying they want the same things as their parents, but they are simply unaffordable. According to the survey, 38% say investing in the stock market is their top financial goal, compared to 33% who prioritize saving for retirement. More than one-quarter (27%) said their top financial goal is starting a company. "Millennials have an entrepreneurial mind-set, and are looking at ways to create other sources of income through business ownership, investment property or a side-hustle," O'Leary added. "Competing responsibilities and goals make a personalized wealth plan especially ...
2022-05-19 | retirement
... at the company are continuing contributions to 401(k) accounts despite volatile market conditions. The quarterly analysis found that while average account balances decreased (driven largely by the stock market's performance), the total 401(k) savings rate reached record levels, the number of IRAs on Fidelity's platform increased and the percentage of employees with a 401(k) loan dropped for the fourth consecutive quarter. “During periods of economic uncertainty, it's important for retirement savers to stay focused on their long-term savings goals and not make knee-jerk reactions to sh...
2022-04-27 12:00:00 | consumers economy
... 1,002 Respondents age 18+. Source: Allianz Life ...
2021-12-22 12:00:00 | real estate
... ell above the 9.7% year on year ($ 2.6 trillion) recorded in November last year. Housing prices rose sharply during the pandemic as mortgage rates hit record lows, teleworking and the skyrocketing stock market boosted demand for housing amid continuing housing shortages. November marked the 16th straight month of double-digit price increases as the number of homes for sale fell to an all-time low. “The rise in property values during the pandemic has widened the gap between homeowners and tenants in America. Homeowners' wealth has improved significantly over the past year, while ten...
2021-09-09 | retirement
... t the financial future of government safety nets—is creating unease among retirees and those nearing retirement," said Mark Solheim, editor of Kiplinger Personal Finance magazine. "Fortunately, the savings rate has jumped, and those still working are taking action to create a more secure retirement," said Solheim. "It is extraordinary, though not surprising, to see worries about inflation eclipse the cost of healthcare as the leading financial concern of retirees," said Jay Shah, President of Personal Capital. "However, retirees and near-retirees who are worried about looming inflationary ...
2021-05-19 | real estate
... a strong stock market and a year of being stuck at home—have been relocating to vacation destinations to enjoy the sun and work remotely. Demand for second homes, which are often high-priced properties, has more than doubled. The housing shortage also isn't as severe in the high-priced segment of the market, which may be another factor allowing investor purchases in that tier to outperform, Bokhari said. While investors have been snapping up high-priced homes during the pandemic, they still have the largest market share in the low-priced-home segment—a trend that has held constant for de...
2021-05-18 | consumers spending
... 're investing in the stock market (19%), compared to 12% of Millennials, 13% of Gen X, and 6% of Baby Boomers. "What we saw from recent trends with app-based trading platforms is that Gen Z is starting to get interested in their finances and investing and saving for the future," said Frerichs. "These apps ignite an initial interest that we hope continues to grow, leading to a desire to activate a more strategic, long-term financial plan so they are able to weather a lot of different storms on their journey to retirement and then another 30-35 years after that." Source: ...
2021-05-12 12:00:01 | advice financial planning
... ...
2021-05-04 | consumers
... n credit cards, grow or replenish their savings or invest in the stock market. These factors suggest that as the economy continues to improve, people will once again feel assured of their financial footing and long-term prospects.” Economic Optimism Index Breakdown This month, 17 of 21 demographic groups — such as age, income, race and party preference — that IBD/TIPP tracks were above 50.0, in positive territory, on the Economic Optimism Index. That’s unchanged vs. April and up from 16 in March, 11 in February, eight in January, nine in December and eight in November. Seven grou...
2021-04-08 12:00:59 | investing
... advice: 94 percent want access to information and tools to do their own research 90 percent want educational materials to improve their investing skills 82 percent are interested in access to an investment professional to provide ongoing help and guidance Focused on saving and long-term goals Looking ahead, more than half (52 percent) of Gen I members say they will save more once the pandemic subsides, 43 percent say they plan to invest more and 42 percent plan to work on reducing their total debt. When it comes to their investing strategy, Gen I says the biggest surpris...
... a robust stock market and rising real-estate values. But people in lower income brackets are more likely to work in industries like restaurants, retail and hospitality that are still far from recovered. "This recession has driven wealthy and low-income Americans further and further apart, and the soaring demand for vacation homes during the pandemic is a perfect example of their unequal financial footing, with some people buying second homes and others unable to buy their first," said Redfin Chief Economist Daryl Fairweather. "Home prices just keep going up. That's a good thing for Americans...
2021-03-30 12:00:02 | economy demographics
... rement savings. However, when asked about their risk tolerance in investing, 38% of Black and African American investors said they are willing to take on “a lot” or “fair amount” of risk as compared to 47% of all investors. Instead, the majority of Black and African American investors (54%) said they are willing to take “only a little” risk. This gap in risk tolerance is mainly explained by lower risk tolerance among Black and African American men. Black and African American male investors (44%) are less willing to take a lot or fair amount of risk with their investments than al...
2021-03-24 12:00:00 | pandemic retirement
... re you reach Full Retirement Age (FRA). Claiming Social Security benefits any time before you reach FRA can lock in a permanent reduction in monthly income. Doing some research on this may be helpful, as only 17% correctly identified their Full Retirement Age (FRA) for Social Security, including 44% of Gen X-ers, who underestimated their FRA of 67. The impact of divorce on Social Security: There’s good news on this front. While 63% of respondents think a former spouse has the ability to reduce their monthly benefits, the truth is, one’s Social Security benefit is not reduced if an ex-...
2021-02-25 | investing demographics
... ng years,” she says. Trust Remains an Issue Trust in the financial services industry continues to affect stock market participation among Black Americans. While similar proportions of Black and white investors believe that financial services institutions are not trustworthy (23% vs. 20%), only 35 percent of African American investors feel they are treated with respect by financial institutions versus 62 percent for white investors. Additionally, Black Americans are considerably more likely to cite the importance of racial diversity within the employee ranks at investment firms (63% vs ...
2021-02-22 14:00:00 | investing demographics
... ssing out on making money" in the stock market, while 54% are afraid of losing money. 61% of younger investors are more afraid of missing out, compared to 40% of those over 40. Market risks: Regarding threats to US financial markets, investors are mostly worried about the economic impacts from Covid-19 (64%), followed by unemployment (36%) and US budget deficits (36%). Only about a quarter of investors (24%) are worried about inflated stock valuations. Other risk factors that concern investors are inflation (27%), the potential for new regulations (27%) and interest rates (24%). Broker ...
2021-02-09 | investing
... e Conference Board ...
2021-02-05 | investing
... hem, found that market dips that made stocks cheaper to buy and the ability to invest with small amounts were among the top reasons younger and inexperienced investors reported entering the stock market. For respondents who opened new accounts in 2020, investing for retirement was the most frequently cited reason for opening the account, despite the study’s focus on taxable investing. Researchers further found that the majority of new investors—meaning those who opened a non-retirement investment account for the first time during 2020—were under the age of 45 and had lower incomes tha...
2021-01-28 | housing
... s. "Demand remained strong as people who could afford the space and relative safety of single-family homes did just that, aided by super-low mortgage rates and a strong stock market. But they went after a narrowing supply of housing stock, so prices soared and so did seller profits. While it's unclear how long that will last, in the annals of history, there will be few years recorded as better for sellers and more challenging for buyers." Among 132 metropolitan statistical areas with a population greater than 200,000 and sufficient sales data, those in western states continued to reap the ...
2021-01-08 12:00:00 | stock market investing
... aphic regions, and age bands. Source: E*TRADE...
2020-10-02 12:00:00 | investing income
... ony Noto, CEO of SoFi. "TGIF can help provide our members with a means of generating consistent income at attractive interest rates, with potential for a lower level of risk than the stock market. Whether an investor is just beginning their financial journey or they have decades of experience under their belt, cultivating an income-generating component to a portfolio is an important step, and we're very proud to be offering this first-of-its-kind fund." TGIF will be sub-advised by Income Research + Management and Exponential ETFs. Toroso Investments serves as the ETF's investment advisor. T...
News and insights about consumer and demographic financial trends
Economic Uncertainty and Inflation Impact Retirement Prospects for Americans
AARP Survey Reveals Alarming Retirement Savings Trends
Hispanic Consumers More Optimistic About Finances
Homeowners Facing Increasing Insurance Rates
U.S. Foreclosures Increase In First Quarter
Consumers Perceive Less Buying Power Despite Lower Inflation
Consumer Price Index - March 2024
Americans Fear Running Out of Money More Than Death, New Study Finds
Consumers and Small Businesses Still Grapple with Persistent Check Fraud
Financial Education Gap Leaves Middle-Income Americans Seeking More