Affluent pre-retirees with investable assets of at least $100,000 are more comfortable staying in the market than they were two years ago, a report from Phoenix Marketing International shows.
Those willing to change their adviser or portfolio strategy has dropped from 73% in November 2009 to 43% this past spring.
“Our historical data indicate much greater resilience to market turmoil than we observed in the fall of 2009,” said Kristina Terzieva, program director of the Phoenix Marketing survey of 4,800 investors.
“One area in which we have noticed little historical change among affluent pre-retirees is with their preferred approach toward making retirement decisions,” Terzieva continued. “One-third currently view themselves as self-directed investors, another one-third use financial advisers for specialized needs, one-fourth regularly consult an adviser, and the remaining 10% or so rely on their adviser to make most retirement planning decisions.”
The study also asked the investors about their impression of various financial services and insurance companies, including AllianceBernstein, American Funds, Fidelity, Charles Schwab, Goldman Sachs, Janus, Merrill Lynch, Morgan Stanley, PIMCO, T. Rowe Price, Vanguard, Genworth Financial, John Hancock, MassMutual, Prudential, The Hartford and USAA.
-- This article first appeared on Money Management Executive.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access