Fewer using specialist advisors
Financial advisors who want to reach the younger, affluent end of the “Baby Boom” generation had better sharpen their skills, suggests a new study from Spectrem Group.According to the study, 40- to 45-year-olds, who represent the youngest of the Boomer generation, have more sophisticated financial needs than their older brethren.A higher percentage of affluent “Barely […]
Spectrem Group announced today that its Spectrem Millionaire Index surged in November as concern about higher oil and gas prices eased significantly. The November improvement returned millionaires to mildly bullish territory following the index’s consecutive all-time lows in September and October, which had pushed it into neutral territory. Prior to September, millionaires had been consistently […]
Back-to-back monthly declines in investor sentiment
Affluent population no longer feels very good about the investment environment, survey finds
Industry failing to deliver on promise of “one-stop shopping”
Advisors have greater influence over client relationships than the brand of the financial institution
Back-to-back declines in June and July
A new study by the Spectrem Group finds that, contrary to expectations, the wealthiest U.S. investors are piling into plain old mutual funds.The report finds that over the past two years, investors worth $5 million or more have doubled the percentage of investable assets allocated to mutual funds from 6% in 2003 to 12%. Over […]
Inflation, unemployment and stock market performance are also considered threats to financial goals