Monday, December 23, 2024

Families Engaged in Wealth Transfer Planning

2024-03-20  |  investing wealth transfer 

... s and risk, we can provide more comprehensive advice and meet more of their wealth management goals," added Tam....

Insights into Offerings for High Net Worth Clients by Leading Wealth Managers

2024-02-09  |  high net worth wealth management 

... ing wealth management services and technological innovations, these firms equip affluent investors with the tools and expertise necessary for successful financial navigation. As the investment landscape advances, the synergy between high net worth clients and top-tier investment firms will continue to be essential for achieving financial excellence....

Global High-Net-Worth Population Sees Biggest Decline in Size and Wealth for Over a Decade

2023-06-01  |  wealth management hnw 

... -service tools to improve customer managementReport MethodologyThe World Wealth Report 2023 covers 71 markets, accounting for more than 98% of global gross national income and 99% of world stock market capitalization. The Capgemini 2023 Global HNW Insights Survey questioned 3,171 HNWIs across 23 major wealth markets in North America, Latin America, Europe, and the Asia-Pacific region. The Capgemini 2023 Global Affluent Insights Survey questioned 3,203 Affluents across 11 major wealth markets in North America, Europe, and Asia-Pacific. To bring in the industry perspective, the 2023 Wealth Manag...

HNW Investor Optimism Falls

2022-08-05 12:00:10  |  investing 

... nd China, France, Germany, Hong Kong, Italy, Japan, Mexico, Singapore, Switzerland, UAE, UK and US. UBS surveyed 2,644 investors and 1,084 business owners from March 30-April 22, 2022. Source: UBS...

Millennials Searching For Advisors With ESG Knowledge

2022-07-13  |  demographics investing 

... s having at least $1 million in investable assets, including 401(k). HENRY is defined as having $250K+ in household income, or between $100K-$999K in investable assets. Source: RBC Wealth Management...

Retirement Savers Remain Confident in their Plans

2022-05-19 12:02:00  |  retirement 

... ilarly, 38% of retirees said they are happy with the age they started prioritizing retirement, while 43% said they wished they had started earlier, at an average age of 33. Source: New York Life...

Millennials Are Reshaping What It Means to Retire

2022-04-25 14:00:00  |  demographics financial planning retirement 

... make that a specific line item in your retirement plan to ensure you have the funds to make it happen. If you want to maintain exposure to higher risk assets like digital currencies in your retirement portfolio, think about how to balance that with more traditional investments that can provide you with a reliable source of income when you don’t have a paycheck. And finally, you prepare for retirement to enjoy it, but it’s important to have a solid income and distribution strategy so you don’t risk running out of money in retirement.” Some key considerations for Millennials as they t...

Most Americans Don't Think They'll Ever Be Rich

2022-04-25 12:00:02  |  investing retirement 

... ludes setting an equity goal that will allow you to maintain your lifestyle after retirement.” Source: Personal Capital...

Inflation Tops Healthcare As Biggest Financial Fear Among Retirees

2021-09-09  |  retirement 

...  and that's greater than the share concerned about the cost of healthcare (74%), according to a new poll released today by Kiplinger's Personal Finance magazine and industry-leading digital wealth management company, Personal Capital, an Empower Company. Rounding out respondents' top five financial concerns about the future were the financial strength of Social Security (71%) and Medicare (67%), and the possibility of an impending recession (62%). The national poll was conducted between June 17 and June 24, 2021. Additional survey findings can be found here. "It's clear that some effects...

Only 20% of Couples Participate Equally in Financial Decisions

2021-05-06  |  investing 

... r financial futures. Eight in 10 women believe that equal involvement would make them feel more prepared if something happened to their spouse, such as disability, illness, or death. Source: UBS...

Online Brokerage Firms Strain under Weight of New Investor Surge

2021-04-27 09:18:23  |  investing 

... 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 four or more products than when they use just one. Among investors seeking guidance, that customer satisfaction differential is 76 points. Besides increasing satisfaction, deepening the client relationship is more critical than ever for firms needing to generate revenue in a free-trading environment. The U.S. Self-Directed Investor Satisfaction Study, now in its 19th year, evaluat...

ESG Investing Key Loyalty Driver For Younger Investors

2021-04-15 12:10:00  |  investing 

... age 40 say they would prefer to pay for full-service wealth management via a one-time fee-for-service model. This is followed closely by a subscription model, which is supported by 73% of investors under age 40. By contrast, among full-service investors age 40 and older, just 42% support a fee-for-service model and 34% support a subscription model. Study Ranking Edward Jones ranks highest in overall investor satisfaction with a score of 770 (on a 1,000-point scale). Stifel (760) ranks second, while Fidelity (751), RBC (751) and UBS (751) each rank third in a tie. The U.S. Full-Servi...

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

2021-03-09 08:11:04  |  technology investing 

... tments and now your cryptocurrencies." Personal Capital reported an increase of 33% in new assets under management for the year of 2020, and now serves over 26,000 wealth management clients. Source: Personal Capital...

Consumers Split On Proactive Advice From Their Financial Institutions

2021-02-23 15:00:00  |  advice banking 

...  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 to customers. 66% of cu...

Bank of America Clients Increasing Digital Engagement

2021-02-01 12:00:00  |  banking digital 

... shPro®. The financial services company has seen a surge in digital engagement. Today, approximately 70% of Bank of America consumer client households and small business clients and 77% wealth management client households are digitally active. Bank of America clients deposited 160 million checks using the mobile banking app in 2020. Last year, 84% of deposits were made through the company’s automated channels (mobile, online and ATMs), up from 78% the prior year. Digital sales accounted for 42% of total consumer sales last year, up from 30% in 2019. Furthermore, 68% of consumer mortgage ...

Over Half of Americans Used Retirement Savings During Pandemic

2021-01-14 10:00:00  |  retirement spending 

... 1(k) during the pandemic, and nearly two-thirds (63%) used those retirement savings to cover basic living expenses, according to a new survey from Kiplinger's Personal Finance magazine and digital wealth management company, Personal Capital. The national poll, which was conducted from November 4-10, 2020, also found that the amounts people withdrew or borrowed were significant. Thirty-two percent (32%) of respondents said they withdrew $75,000 or more from a retirement account, while 58% of those who took loans borrowed between $50,000 and $100,000. Additionally, more than a third (35%) sai...