HIGH-TECH AND HIGH-TOUCH. Investors Make the Case for Converging Automated Investing Platforms and Financial Planning
|
|
- Peter Pearson
- 7 years ago
- Views:
Transcription
1 Sharper Insight. Smarter Investing. HIGH-TECH AND HIGH-TOUCH Investors Make the Case for Converging Automated Investing Platforms and Financial Planning
2 WHAT S INSIDE? Summary and Methodology Page 1 Key Finding #1: Investors require both high-tech and high-touch forms of advice to satisfy today s complex financial needs. Pages 2-3 Key Finding #2: Investors are equally satisfied with automated investing platforms and financial planners/advisors, but appear to be more satisfied when utilizing both. Key Finding #3: There is a growing opportunity for automated investing platforms and financial planners/advisors to work together. Pages 4-9 Pages Respondent Demographics Pages 12-13
3 SUMMARY AND METHODOLOGY Today s fast-paced, digital world is presenting new opportunities for investors to get low-cost, more accessible advice for their investments through automated investing platforms (a.k.a. robo advisors). With the number of solutions seemingly growing by the day, what s clear is that while investors have an increasing interest in these high-tech advice providers, they also have a need for the high-touch level of advice offered by financial planners/ advisors. High-Tech and High-Touch: Investors Make the Case for Converging Automated Investing Platforms and Financial Planning, new research by Investopedia and the Financial Planning Association (FPA ), reveals three primary findings: Investors require both high-tech and high-touch forms of advice to satisfy today s financial needs. Investors are equally satisfied with automated investing platforms and financial planners/advisors, but appear to be more satisfied when utilizing both. There is a growing opportunity for automated investing platforms and financial planners/advisors to work together. METHODOLOGY Investopedia and the Financial Planning Association (FPA ) conducted a survey among users of Investopedia.com to better understand their opinions about automated investing platforms and financial planners/advisors. The web-based survey on investopedia.com was fielded between Aug. 25 and Sept. 14, 2016 and resulted in 2,002 completed responses from investors meeting the following criteria: Live in the United States Age 21+ Have input in household investment decisions The data was weighted to match Investopedia.com demographics on ComScore. Investopedia and Financial Planning Association (FPA ) Page 1
4 1 Investors require both high-tech and high-touch forms of advice to satisfy today s complex financial needs. To properly put this report into context, it s important to understand the current and immediate future financial concerns people have. People are squarely focused on retirement planning (71 percent), before and after-tax investment planning (57 percent respectively), as well as budgeting and developing spending plans (63 percent). As you think about your personal financial situation, how important to you are each of the following areas to your financial planning over the next 12 months? (1 = Not Important, 5 = Very Important) % = respondents who chose 4 or 5 on a 5-point scale Retirement Planning Budgeting and Spending Plans Before-Tax Investments After-Tax Investments Tax Planning Health Care Planning Debt Management Planning for Major Purchases Estate Planning Education Funding Insurance Planning Elder Care Planning Post-Divorce, Separation, or Widow Planning 11% 36% 34% 33% 31% 57% 57% 52% 48% 47% 44% 63% 71% 0% 20% 40% 60% 80% While automated investing platforms can satisfy the need for people to address their before and after-tax investments, they are not capable of addressing the many other areas of a sound financial plan that many financial planners/advisors are proficient at addressing. No algorithm exists that can prudently assess the many areas of an individual s financial life and make the necessary strategic decisions relating to retirement planning, estate planning, tax planning, health care planning, elder care planning, and the many other personal financial areas most people face. With that said, automated investing platforms are making it possible for investors of all backgrounds and asset levels get easily accessible, lower cost investment services. Investopedia and Financial Planning Association (FPA ) Page 2
5 1 When we break out the financial concerns by respondent age, what we find is that people in their 40s and 50s are more likely to be concerned about retirement planning and before-tax investing than those in other age groups. And, not surprisingly, people in their 20s and 30s are more likely to have immediate concerns regarding budgeting and spending plans, debt management, and planning for major purposes. With that said, it is heartening to see that 54 percent of respondents age 21 to 30, and a whopping 71 percent of respondents age 31 to 40, are concerned about their retirement planning and consider it important to address over the next 12 months. As you think about your personal financial situation, how important to you are each of the following areas to your financial planning over the next 12 months? (1 = Not Important, 5 = Very Important) % = respondents who chose 4 or 5 on a 5-point scale 21 to to to to Retirement Planning 54% 71% 82% 83% 64% Budgeting and Spending Plans 76% 71% 60% 56% 53% Before-Tax Investments 47% 59% 64% 66% 53% After-Tax Investments 52% 61% 53% 63% 54% Tax Planning 47% 51% 47% 59% 57% Health Care Planning 33% 42% 49% 58% 56% Debt Management 55% 53% 52% 39% 37% Planning for Major Purchases 60% 54% 47% 32% 28% Estate Planning 26% 24% 33% 47% 51% Education Funding 45% 47% 46% 21% 13% Insurance Planning 28% 36% 40% 31% 28% Elder Care Planning 18% 24% 34% 38% 41% Post-Divorce, Separation, or Widow Planning 9% 12% 11% 12% 13% Investopedia and Financial Planning Association (FPA ) Page 3
6 2 Investors are equally satisfied with automated investing platforms and financial planners/advisors, but appear to be more satisfied when utilizing both. Automated investing platforms have burst onto the scene over the past few years providing millions of American investors to lower cost investment advice, guidance and allocation services. Before we delve into the satisfaction of these platforms and the satisfaction with financial planners/advisors let s explore the familiarity and usage of automated investing platforms. 58% At least somewhat familiar with automated investing platforms. 1 18% Searched for an automated investing platform. 2 7% Currently using an automated investing platform. 3 1 How familiar are you with automated investing platforms that can help you allocate your investments? 2 Have you personally searched for an automated investing platform to handle your investments? 3 Do you currently use an automated investing platform? Investopedia and Financial Planning Association (FPA ) Page 4
7 2 As we break out respondents based on age, what we find is that, generally, people are familiar with automated investing platforms no matter their age with a slightly higher percentage of those in the 50 to 60 age range being familiar (63 percent). How familiar are you with automated investing platforms that can help you allocate your investments? % = respondents who chose extremely, very, or somewhat familiar % 58% 57% 63% 59% 58% Age Age Age Age Age 61+ Overall Familiarity doesn't always translate to action. While older respondents are slightly more likely to be familiar with a platform, younger people are more likely to actually search for one. Have you personally searched for an automated investing platform to handle your investments? % 21% 16% 17% 15% 18% Age Age Age Age Age 61+ Overall Investopedia and Financial Planning Association (FPA ) Page 5
8 2 As revealed earlier, seven percent of respondents are currently utilizing an automated investing platform. When we break out those respondents by age what we find is people in their 30s appear to be more interested in using one of these solutions (11 percent) compared to other age brackets; however, the difference isn t major. Popular opinion would tell you that younger people are more likely to use one of these platforms due to the interest and comfort younger people have with online services. And while only four percent of respondents who are 61 years or older are using an automated investing platform, it is hard to discern whether or not age plays a key role in the decision to use such platforms. Do you currently use an automated investing platform? 12 11% 10 9% 8 7% 7% 7% 6 4 4% 2 0 Age Age Age Age Age 61+ Overall With this background on the usage of automated investing platforms, how are they fairing in terms of satisfaction and how does it compare to the satisfaction of those working with a financial planner/advisor? Let s examine. Investopedia and Financial Planning Association (FPA ) Page 6
9 2 SATISFACTION WITH AUTOMATED INVESTING PLATFORMS For those respondents who are using an automated investing platform, satisfaction is fairly high with 73 percent of investors indicating they are satisfied/very satisfied with the primary automated investing platform they are using. Overall, how satisfied are you with your primary automated investing platform? (1 = Very Unsatisfied, 5 = Very Satisfied) 42% 31% } 73% % = respondents who chose 4 or 5 on a 5-point scale Determining the source of what appears to be a high level of satisfaction overall with automated investing platforms among users, one only needs to look at the fact that investors are seemingly pleased with a number of specific attributes, including performance (75 percent) and transparency in fees (74 percent). How satisfied are you with the following aspects of your primary investing platform? (1 = Very Unsatisfied, 5 = Very Satisfied) Performance Transparency in fees Accessibility on multiple platforms Investment options Rebalancing services Responsiveness to questions online Responsiveness to questions via call center Tax-loss harvesting 75% 74% 65% 64% 61% 49% 48% 45% 0% 20% 40% 60% 80% % = respondents who chose 4 or 5 on a 5-point scale Investopedia and Financial Planning Association (FPA ) Page 7
10 2 SATISFACTION WITH FINANCIAL PLANNERS/ADVISORS For those respondents who are working with a financial planner/advisor, 3 in 4 (75 percent) are either satisfied or very satisfied. In fact, nearly half of respondent are very satisfied with their financial planner/advisor (46 percent). Overall, how satisfied are you with your financial planner/advisor? (1 = Very Unsatisfied, 5 = Very Satisfied) 46% 29% } 75% % = respondents who chose 4 or 5 on a 5-point scale How satisfied are you with the following aspects of your financial planner/advisor? (1 = Very Unsatisfied, 5 = Very Satisfied) Services related to estate planning Services related to tax planning Services related to investments Services related to retirement planning Experience in working on matters of concern to you Services related to debt management and budgeting Services related to education funding Accessibility Attentiveness to family Responsiveness to questions/concerns Knowledge of financial planning 62% 63% 64% 65% 65% 65% 66% 66% 67% 67% 61% 64% 67% 70% % = respondents who chose 4 or 5 on a 5-point scale 70% Investopedia and Financial Planning Association (FPA ) Page 8
11 2 We have clearly identified that investors are satisfied with their decision to use an automated investing platform, but will the satisfaction remain during a period of extreme market volatility? Will they be okay with simply working through a computer or will the preference to work with a financial planner/advisor take over? Based on this research, 30 percent of respondents would classify themselves as either comfortable or very comfortable with using an automated investing platform during extreme market volatility while 40 percent are either uncomfortable or very uncomfortable. In the event of extreme market volatility, how comfortable on a scale of 1 to 5 would you be with an automated investing platform? (1 = Very Uncomfortable, 5 = Very Comfortable) 19% 21% 30% 18% 12% Very Uncomfortable Very Comfortable Investopedia and Financial Planning Association (FPA ) Page 9
12 3 There is a growing opportunity for automated investing platforms and financial planners/advisors to work together. Automated investing platforms have made lower-cost investment advice easily accessible and convenient, but they lack the same high-touch level of advice that financial planners/advisors can provide especially from those who are CERTIFIED FINANCIAL PLANNER TM (CFP ) professionals. But what is clear is that investors who are using automated investing platforms feel that their usage of these solutions is supporting their goal of having a sound financial plan. We asked respondents to read the definition of financial planning as defined by the Certified Financial Planner Board of Standards, Inc. s Standards for Professional Conduct and indicate whether their use of an automated investing platform supports them and their financial plan. An overwhelming 81 percent say that it does. The Certified Financial Planner Board of Standards defines financial planning as the process of determining whether and how an individual can meet life goals through the proper management of financial resources. Based on this definition, do you feel the automated investing platform you re using is supporting you and your financial plan? 19% 81% Yes No Some financial planners/advisors view the growth of automated investing platforms as competition rather than as an opportunity to augment their high-touch financial planning services. Through this research we found that respondents who are working with a financial planner/advisor report a high level of satisfaction with the advice they are receiving on estate planning (70 percent), tax planning (67 percent), investment planning (67 percent) and retirement planning (67 percent). There is an opportunity to embrace these platforms as a means of on-boarding new clients while allowing financial planners/advisors to focus on those areas of a financial plan that require the experience, knowledge, and skill of a CFP professional. Investopedia and Financial Planning Association (FPA ) Page 10
13 3 When it came to a myriad of financial issues people today need to address, the preference of those surveyed was clearly for the advice to be given by a financial planner/advisor, although many feel that quality advice can be accessed through an automated investing platform as well. Of the following financial services, would you prefer to receive each from an automated investing platform, a financial planner/advisor, or both? Financial Planner/Advisor Automated Investing Platform Both Estate Planning 52% 18% 30% Elder Care Planning 49% 22% 29% Tax Planning 48% 20% 32% Health Care Planning 44% 25% 31% Finances related to getting married 43% 32% 25% Finances related to buying a home 43% 28% 29% Finances related to having children 42% 30% 28% Investment Planning 39% 22% 39% Education Funding 38% 33% 29% Finances related to buying a car/other major purchases 36% 36% 28% Investopedia and Financial Planning Association (FPA ) Page 11
14 RESPONDENT DEMOGRAPHICS What is your age? Gender? 22% 20% 38% 18% 21% 62% 19% 22 to to to to and older Female Male What was your total household income in 2015? Under $40,000 $40,000 to $59,999 $60,000 to $74,999 $75,000 to $99,999 $100,000 to $149,999 $150,000 to $199,000 $200,000 to $299,999 $300,000 to $399,999 $400, % 14% 12% 16% 29% 11% 4% 2% 2% 0% 10% 20% 30% What is the total of your investable assets (e.g. bank accounts, certificates of deposit, annuities, mutual funds, stocks, and bonds)? Under $100,000 $100,000 to $249,999 $250,000 to $499,999 $500,000 to $749,999 $750,000 to $1,000,000 $1,000,000 to $5,000,000 $5,000, % 16% 12% 8% 5% 12% 1% 0% 25% 50% Investopedia and Financial Planning Association (FPA ) Page 12
15 RESPONDENT DEMOGRAPHICS What is your highest level of education? Grade school Some high school High school graduate 1% 1% 3% Some college 16% College graduate Graduate degree 38% 40% Technical school 2% 0% 10% 20% 30% 40% Which of the following best describes your role in making investment decisions in your household: I am the primary decision maker 72% I have significant input in the decision 24% I have some input in the decision I have no input in the decision 0% 4% 0% 20% 40% 60% 80% Top U.S. States or Territories Represented? 12% 7% 7% 4% 64% 6% California New York Texas Illinois Florida All Others Investopedia and Financial Planning Association (FPA ) Page 13
16 Sharper Insight. Smarter Investing. Members of the media interested in talking with a representative of Investopedia or the Financial Planning Association (FPA ) can contact the following. FOR INVESTOPEDIA: Kevin Moogan Public Relations Representative investopedia@fullyvested.com FOR FPA: Ben Lewis Director of Public Relations BLewis@OneFPA.org Access great additional content of personal finance and financial planning through Investopedia at and through FPA at HIGH-TECH AND HIGH-TOUCH Investors Make the Case for Converging Automated Investing Platforms and Financial Planning
The following questions pertain to consumer views about money and investing.
Millennial and Baby Boomer Investors Survey: Data Report Securian Financial Group June 2016 The following questions pertain to consumer views about money and investing. 1. Do you have investments outside
More information401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES
401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES February 2011 401(k) PARTICIPANTS AWARENESS AND UNDERSTANDING OF FEES February 2011 Copyright 2011 AARP Research & Strategic Analysis 601 E Street,
More informationNewspaper Multiplatform Usage
Newspaper Multiplatform Usage Results from a study conducted for NAA by Frank N. Magid Associates, 2012 1 Research Objectives Identify typical consumer behavior patterns and motivations regarding content,
More informationOctober 2015. The human touch: The role of financial advisors in a changing advice landscape
October 2015 The human touch: The role of financial advisors in a changing advice landscape Table of contents Executive summary 1 Introduction 3 Survey methodology 4 Key findings 5 Interest in working
More informationTHE ASSOCIATED PRESS-CNBC INVESTORS SURVEY CONDUCTED BY KNOWLEDGE NETWORKS
1350 Willow Rd, Suite 102 Menlo Park, CA 94025 www.knowledgenetworks.com Interview dates: August 26 September 08, 2010 Interviews: 1,035 adults who own stocks, bonds or mutual funds Sampling margin of
More informationThe Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey. Saving and Investing Among High Income African-American and White Americans
The Ariel Mutual Funds/Charles Schwab & Co., Inc. Black Investor Survey: Saving and Investing Among High Income African-American and Americans April, 2000 0 Prepared for Ariel Mutual Funds and Charles
More informationConsumers Tell All. Part 1: Online Shopping Frequency
Consumers Tell All Part 1: Online Shopping Frequency Online Shopping Frequency Overview 3 Methodology 4 Shopping Frequency All Online Shoppers 5 Shopping Frequency by Gender 6 Shopping Frequency by Age
More informationConsumer Demand for Value-added Subscription Services. February 2016
Consumer Demand for Value-added Subscription Services February 2016 X Table of Contents About the Survey 1 Executive Summary 1 Current Attitudes and Behaviors 3 Hypotheticals 9 Subscription Cancellations
More informationTHE FINANCIAL NEEDS OF GEN Y, GEN X, AND BOOMER WOMEN
THE FINANCIAL NEEDS OF GEN Y, GEN X, AND BOOMER WOMEN As of 2015, the Baby Boom generation has been outgrown by Generation Y also known as the Millennial Generation or Millennials born 1981 to 1999. In
More informationWomen, Retirement and Advisors. Concerned About Meeting Retirement Expectations, Female Boomers Seek Expert Advice
Women, Retirement and Advisors Concerned About Meeting Retirement Expectations, Female Boomers Seek Expert Advice September 2011 About the Insured Retirement Institute: The Insured Retirement Institute
More informationWOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING
WOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING 1 WOMEN S PERSPECTIVES ON SAVING, INVESTING, AND RETIREMENT PLANNING November 2015 Insured Retirement Institute 2 WOMEN S PERSPECTIVES
More informationRetirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts. 8 Risks You Must Overcome
The Financial Survey A Professional Process to Overcome the Risks to Financial Success Retirement Plans 401(k) s Cash Receivables Businesses Real Estate Investment Accounts External Risk Inflation Higher
More information16 th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness
th Annual Transamerica Retirement Survey Influences of Educational Attainment on Retirement Readiness August 0 TCRS 0--0 Transamerica Institute, 0 Welcome to the th Annual Transamerica Retirement Survey
More informationDecember 2014. Tax-Efficient Investing Through Asset Location. John Wyckoff, CPA/PFS, CFP
John Wyckoff, CPA/PFS, CFP Your investment priorities are likely to evolve over time, but one goal will remain constant: to maximize your investment returns. Not all returns are created equal, however.
More informationParticipant Preferences in Target Date Funds: Fresh Insights
Participant Preferences in Target Date Funds: Fresh Insights Findings, Insights and Opportunities White Paper January 216 Research by Voya Investment Management Not FDIC Insured May Lose Value No Bank
More informationLong-Term Care Insurance:
The Prudential Insurance Company of America 2011 Long-Term Care Insurance: A Piece of the Retirement & Estate Planning Puzzle IRA Pension 401(k) Annuities Long-Term Care Insurance Life Insurance Social
More informationThe Value of Financial Planning
The Value of Financial Planning FPSB s Global Consumer Survey Danel Kuhlmann Financial Planning Standards Board Marketing & Communications Director 1 Copyright 2015 Financial Planning Standards Board Who
More informationFinancial Advisor Interview Questionnaire
Financial Advisor Interview Questionnaire Advisor name: Company Name: Cyril S. White White House Financial & Investment Solutions, LLC Date: January 16, 2012 Why did you become a financial planner? I became
More informationBusiness Statistics: Chapter 2: Data Quiz A
CHAPTER 2 Quiz A Business Statistics, 2nd ed. 2-1 Business Statistics: Chapter 2: Data Quiz A Name 1. The mission of the Pew Internet & Life Project is to explore the impact of the Internet on families,
More informationThe largest poll of its kind, Investor Pulse provides insights into what adults 25-74 are thinking about their financial futures.
Singapore Guiding you to become more effective savers and investors Welcome to the latest BlackRock Global Investor Pulse. This is the third annual survey of more than 31,000 people across 20 countries.
More informationThe View from San Francisco Bay Area:
The View from San Francisco Bay Area: 1,000 residents share their perspectives on managing wealth and the local economy March 2016 Methodology What An online study among a sample of the general public
More informationWealth Management A Prudent Process
Wealth Management A Prudent Process Craig Chapman, CFP Director Investments Financial Advisor My Business Story Compliance Approval: A28081915RM1 Thank you for taking the time to examine my business story
More informationSHOULD YOU USE A FINANCIAL ADVISOR?
Handout 5-1: This publication will help you: Feel comfortable asking a financial advisor about their qualifications, expertise, and form of compensation; Understand the difference between a fiduciary advisor
More informationIntroduction to Investment Planning
Dunhill Financial Advisors Bob Fitt Branch Manager 1190 Old York Road Suite B Hartsville, PA 18974 215-675-8440 (215) 675-8440 Robert.Fitt@RaymondJames.com www.dunhillfinancial.com Introduction to Investment
More informationINVESTING IN YOURSELF
Investment Planning INVESTING IN YOURSELF Women are different from men. So are your financial planning needs. 2 INVESTING IN YOURSELF WOMEN & MONEY There are many reasons why you might require a different
More informationTHE STATE OF THE New ECONOMY
THE STATE OF THE New Zealand DIGITAL ECONOMY October 2012 CONTENTs EXECUTIVE SUMMARY 2 EXPANDING THE DIGITAL ECONOMY 3 THE PROMISE OF THE DIGITAL ECONOMY 5 CLOUD COMPUTING: THE BENEFIT OF NEW TECHNOLOGIES
More informationJack A. Biedebach CERTIFIED FINANCIAL PLANNER, 714-912-1859 www.jbgwm.com Jackbiedebach@jbgwm.com 2300 E. Katella Ave, #400, Anaheim, CA 92806
Jack A. Biedebach CERTIFIED FINANCIAL PLANNER, 714-912-1859 www.jbgwm.com Jackbiedebach@jbgwm.com 2300 E. Katella Ave, #400, Anaheim, CA 92806 Meet Jack Biedebach As an independent LPL Financial Advisor,
More informationPatient Responsibility in Health Care: An AARP Bulletin Survey
Patient Responsibility in Health Care: An AARP Bulletin Survey May 2011 Patient Responsibility in Health Care: An AARP Bulletin Survey Data Collected by SSRS Report Prepared by Teresa A. Keenan, Ph.D.
More informationWhat really matters to women investors
january 2014 What really matters to women investors Exploring advisor relationships with and the Silent Generation. INVESTED. TOGETHER. Certainly a great deal has been written about women and investing
More informationGuarantee Your Income For Life
R ELIABLE FINANCIAL GROUP Guarantee Your Income For Life Secure Your Future By Planning Today Providing solutions that fit your ever changing needs Would You Like A Paycheck For Life? Put a well-designed
More informationHow other retailers use Online Survey. And how their experience can help you.
Online Survey for Retailers How other retailers use Online Survey. And how their experience can help you. We know that our retail customers get revealing and valuable insights from our Online Survey tool.
More informationSAMPLE EVALUATION INSTRUMENTS
1 SAMPLE EVALUATION INSTRUMENTS This section contains samples of evaluation instruments that can be generated for each evaluation option. Note that the type of the instrument generated depends on the evaluation
More informationFINANCIAL LIFE CHECKUP
FINANCIAL LIFE CHECKUP Full Legal Name Nick Name Client Spouse Gender Male Female Male Female Home Address City, State, Zip Home Phone ( ) ( ) Work Phone ( ) ( ) Cell Phone ( ) ( ) Fax ( ) ( ) Best Time/Method
More informationOptimizing Rewards and Employee Engagement
Optimizing Rewards and Employee Engagement Improving employee motivation and engagement, and identifying the right total rewards strategy to influence workforce effectiveness. Kevin Aselstine, Towers Perrin
More informationThe Allianz American Legacies Pulse Survey
The Allianz American Legacies Pulse Survey Exploring the impact of the financial crisis on legacy strategies Allianz Life Insurance Company of North America Allianz Life Insurance Company of New York ENT-1371-N
More informationCivicScience Insight Report
CivicScience Insight Report Home Automation Products: Consumers State Preferences and Predictions for Smart Home Offerings February 17, 2015: CivicScience looks at the hot consumer electronics category
More informationPearson Student Mobile Device Survey 2013
Pearson Student Mobile Device Survey 2013 National Report: College Students Conducted by Harris Interactive Field dates: January 28 February 24, 2013 Report date: April 17, 2013 Table of Contents Background
More informationHOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS
HOUSEHOLDS WITH HIGH LEVELS OF NET ASSETS Report to the Consumer Federation of America and Providian Financial Corp. Catherine P. Montalto, Ph.D. Associate Professor Consumer and Textile Sciences Department
More informationSEGREGATED FUNDS. Savings and Retirement PIVOTAL SELECT TM. Investor Profile Questionnaire
SEGREGATED FUNDS Savings and Retirement PIVOTAL SELECT TM Investor Profile Questionnaire Please answer the following uestions by choosing the option best suited to you. There are no right or wrong answers
More informationHow do I choose the right advisor? Important questions to ask before you hire an investment advisor.
How do I choose the right advisor? Important questions to ask before you hire an investment advisor. To choose an advisor you feel comfortable with both personally and professionally it s smart to take
More informationThe changing role of the IT department in a cloud-based world. Vodafone Power to you
The changing role of the IT department in a cloud-based world Vodafone Power to you 02 Introduction With competitive pressures intensifying and the pace of innovation accelerating, recognising key trends,
More informationQuestions to Ask WHEN CHOOSING A FINANCIAL PLANNER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC.
10 Questions to Ask WHEN CHOOSING A FINANCIAL PLANNER CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. You may be considering help from a financial planner for a number of reasons, whether it s deciding
More informationApplied Advisor Phone: 415-325-2042 Date: 1/3/2016
Planner's Name: Kathleen Hentges, CFP Company: Applied Advisor Phone: 415-325-2042 Date: 1/3/2016 1 Do you have experience in providing advice on the topics below? If yes, indicate the number of years.
More informationInvestor Confusion About Brokerage Service & Maintenance Fees
Investor Confusion About Brokerage Service & Maintenance Fees NORTH AMERICAN SECURITIES ADMINISTRATORS ASSOCIATION APRIL, 2015 SURVEY CONDUCTED BY ORC INTERNATIONAL Table of Contents Objectives and Methodology
More informationHow to Find a Financial Professional Sensitive to Cancer Issues. Financial Guidance for Cancer Survivors and Their Families
How to Find a Financial Professional Sensitive to Cancer Issues Financial Guidance for Cancer Survivors and Their Families How to Find a Financial Professional Sensitive to Cancer Issues Financial Guidance
More informationAmericans Attitudes Toward Life Insurance
Americans Attitudes Toward Life Insurance Survey Findings (General U.S. Adult Population) May, 2008 Products and services offered through the ING family of companies Methodology Methodology Telephone survey
More informationBABY BOOMER REPORT U.S. NEWS MARKET INSIGHTS
2015 BABY BOOMER REPORT U.S. NEWS MARKET INSIGHTS Boomers Are Valuable Consumers Who Make Informed Life Decisions to Carry Them Into Their Next Phase of Life. SUMMARY Baby Boomers, defined by the U.S.
More informationMassMutual s State of the American Family Chinese Families
MassMutual s State of the American Family Chinese Families Executive Summary Needs-based Strategies To understand the changing landscape of American financial security, MassMutual released the third wave
More informationSIGNS YOU NEED A WEALTH MANAGER
5 A FIDUCIARY OF YOUR OWN SIGNS YOU NEED A WEALTH MANAGER Fiduciary Duty / Wealth Management for Individual Investors and Families Over one s lifetime, the need for sophisticated and professional financial
More information2014 Demographics PROFILE OF THE MILITARY COMMUNITY
Demographics PROFILE OF THE MILITARY COMMUNITY ACKNOWLEDGEMENTS This report is published by the Office of the Deputy Assistant Secretary of Defense (Military Community and Family Policy), under contract
More informationOn average, young retirees are not
How Financially Secure Are Young Retirees and Older Workers? FIGURE 1 Financial Status of People Age 51 to 59, by Work Status THOUSS OF DOLLARS 14 1 8 6 $82 RETIREES WORKERS $99 4 $41 $24 MEDIAN MEDIAN
More informationapplication and on-boarding for engineering professionals
application and on-boarding for engineering professionals Start with communication and transparency By joe lampinen introduction /02 On-boarding is becoming one of the most common challenges cited by engineering
More informationThe Future of Retirement
The Future of Retirement Generations and journeys Global The Future Report of Retirement Generations and journeys Foreword Approaches to finances Finances in retirement Practical steps Key findings Priorities
More informationThink you know the Next Gen investor?
UBS Investor Watch Analyzing investor sentiment and behavior 1Q 2014 Think you know the Next Gen investor? Think again. a b See what s really on their minds 2 UBS Investor Watch Lazy. Entitled. Narcissistic.
More information2015 Wells Fargo Affluent Investor Survey
2015 Wells Fargo Affluent Investor Survey Table of contents Overview 1 Key findings 2 Background and methodology 8 Harris Poll conducted the survey online of 1,993 affluent investors, ages 30 75 who have
More informationthe finishrich advisor questionnaire
Bach_0767904818_4p_bmb_r1.qxd 1/2/03 3:51 PM Page 203 the finishrich advisor questionnaire 5 Questions to Ask Yourself, and 10 Questions to Ask the Advisor My FinishRich Book Series (Smart Women Finish
More informationINVEST IN YOURSELF FINANCIAL PLANNING FOR WOMEN
INVEST IN YOURSELF FINANCIAL PLANNING FOR WOMEN When They Engage a Financial Advisor, Women Want I To forge relationships based on trust, I To be sure that discussions of their needs and goals will be
More informationA simple solution to Grow your practice
A simple solution to Grow your practice Grow your Sales, get your series 65 license (Becoming an Investment Advisor Representative (IAR)) Utilizing Fusion To Gather More Assets FOR FINANCIAL PROFESSIONAL
More informationThe Non-English Speaking Population in Hawaii
Data Report 2011 The Non-English Speaking Population in Hawaii Introduction The report examines social, economic and demographic characteristics of people in Hawaii who speak language other than English
More informationOPPORTUNITY AWAITS WITH A CAREER IN FINANCIAL PLANNING
OPPORTUNITY AWAITS WITH A CAREER IN FINANCIAL PLANNING A REWARDING CAREER IN SO MANY WAYS Financial planning is a valued profession that empowers people to make informed financial decisions for themselves
More informationA Powerful Tax Strategy for Freelance Physicians Defined Benefit Pension Plan White Paper
A Powerful Tax Strategy for Freelance Physicians Defined Benefit Pension Plan White Paper September 2015 By Founder, Orion Portfolios Doctors who earn self-employment income by working freelance are in
More informationHow to find a Good Financial Advisor By Jennifer Black. Questions you should ask a financial advisor when deciding with whom you are going to work.
Jennifer Black 181 How to find a Good Financial Advisor By Jennifer Black Questions you should ask a financial advisor when deciding with whom you are going to work. 1. How often do they meet with their
More informationGender Gap in Financial Literacy
Executive Summary Even though women make up the majority of college graduates and are increasingly making strides in the workforce, there is still a significant and growing gender gap when it comes to
More informationTaziki's Cafe. franchisee satisfaction report. Taziki's Cafe. franchisee satisfaction report
Taziki's Cafe Taziki's Cafe September 0 Dear Entrepreneurs, There are more franchise opportunities today than ever before and the timing has never been better for investing in a franchise business. That
More informationChoose Your Path for the retirement you envision
Choose Your Path for the retirement you envision ONE CHOICE SM TARGET DATE PORTFOLIOS PRESENTATION GUIDE Choose Your Path for the retirement you envision One Choice SM Target Date Portfolios This presentation
More informationMFDA Bulletin. Compliance. MFDA Discussion Paper on the Use of Investor Questionnaires. BULLETIN #0611 C July 21, 2014
Contact: Matthew Brady Managing Director, Compliance Phone : 416-943-4621 E-mail : mbrady@mfda.ca MFDA Bulletin Compliance BULLETIN #0611 C July 21, 2014 For Distribution to Relevant Parties within your
More informationFinancial Checkup. Use this Checkup to: Get Organized Identify the Gaps in Your Financial Life Work More Effectively With Your Financial Advisor
Financial Use this to: Get Organized Identify the Gaps in Your Financial Life Work More Effectively With Your Financial Advisor Table of Contents Financial Topics: Page Investments General......................................
More informationNATIONAL ASSOCIATION OF ESTATE AGENTS HOUSING MARKET REPORT
NATIONAL ASSOCIATION OF ESTATE AGENTS HOUSING MARKET REPORT 2014 For further information: National Association of Estate Agents Press Office 0207 566 9777 propertyprofessionals@lansons.com 2014 Housing
More informationTIPS FOR CONSUMERS Selecting an Advisor
TIPS FOR CONSUMERS Selecting an Advisor Insured Retirement Institute www.irionline.org Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each
More informationTax Planning in a Changing Tax World
Tax Planning in a Changing Tax World The Financial Planning Association (FPA ) is the leadership and advocacy organization for those who provide, support and benefit from professional financial planning.
More informationIndependent Advice for the Discerning Investor
Independent Advice for the Discerning Investor or bleed WNA Wealth Advisors, Inc. Our Values WNA Wealth Advisors serves as our clients partner in investing, their advisor for life. Perform all duties with
More informationCutting through the Confusion
Cutting through the Confusion Where to Turn for Help with Your Investments What Services Do You Want? What Types of Providers Offer Assistance with Investments? How Do You Pay for These Services? What
More informationTHE SIX STAGES OF PARENTHOOD
THE SIX STAGES OF PARENTHOOD The task of being a parent parallels children s growth and development. Just as children grow and change as they develop, noted researcher Ellen Galinsky asserts that parents
More informationINVESTORS ATTITUDES TOWARDS ROBO- ADVISORS
INVESTORS ATTITUDES TOWARDS ROBO- ADVISORS EVIDENCE FROM THE US AND THE UK Data - Analysis Implications and Learnings May 2016 Report Extract Original Report with 48 pages Plus full set of US and UK survey
More informationSpecialized Investment Advisor
Specialized Investment Advisor It s About You Have you developed solid experience in providing financial advice, and want to try a deep, more specific area of investment? Are you able to partner well with
More informationYour Thrift Plan Handbook... THRIFT PLAN. Thrift Plan for Retirees Table of Contents. Keys to having made the most of your savings:
Preset Mixes Table Your Thrift Plan Handbook... Keys to having made the most of your savings: THRIFT PLAN Be sure to choose a payment option To make the most of your benefits, meet with a Deseret Mutual
More information2015 Registered Investment Advisor Study. by Scottrade Advisor Services
2015 Registered Investment Advisor Study by Scottrade Advisor Services Scottrade Advisor Services commissioned a study of independent registered investment advisors (RIAs) to examine attitudes and behaviors
More informationFinding the Links Between Retirement, Stress, and Health
Finding the Links Between Retirement, Stress, and Health LOCKTON RETIREMENT SERVICES One in five workers reports feeling high levels of stress, and the top two drivers for this are economic: their jobs
More informationRetirement Goal Checklist
Retirement Goal Checkup Client Questionnaire What is my vision of retirement? Will my plan for retirement help me get there? Is my plan for retirement still on track? The better we understand your vision
More informationPerspective. Online advice solutions. Leveraging robo-technology to deepen client relationships
Perspective Online advice solutions Leveraging robo-technology to deepen client relationships Overview Traditional fi nancial advisors may feel threatened by the fast rise of robo-technology solutions,
More informationRIA Outlook for the U.S. Economy, Industry & Markets - 2014
RIA Outlook for the U.S. Economy, Industry & Markets - 2014 January 31, 2014 TD Ameritrade Institutional, Division of TD Ameritrade, Inc.TD Ameritrade, Inc., member FINRA/SIPC/NFA, is a subsidiary of TD
More informationMark Phillips & Associates 19712 MacArthur Blvd., Suite 225 Irvine CA 92612 (949) 333-6394. Interview Questions and Answers as of January 2013
Mark Phillips & Associates 19712 MacArthur Blvd., Suite 225 Irvine CA 92612 (949) 333-6394 Interview Questions and Answers as of January 2013 Do you have experience in providing advice on the following
More informationRetirees Needs and Their (In)Tolerance for Risk
Retirees Needs and Their (In)Tolerance for Risk A report by and Challenger March 2013 nationalseniors.com.au 2013 owns copyright in this work. Apart from any use permitted under the Copyright Act 1968,
More informationIn Preparation for Our First Meeting. In our first visit with you there are two objectives. Overview Questionnaire
In our first visit with you there are two objectives 1. You need to learn about us so you can decide if we are the right financial advisor for you. We want to make sure that you understand what we do,
More informationThe Ariel/Schwab Black Investor Survey:
The Ariel/Schwab Black Investor Survey: Saving and Investing Among Higher Income and Americans Ariel Investments, LLC and The Charles Schwab Corporation are non-affiliated entities, but co-sponsor the
More informationGetting Older and Looking Good: The Realities About Aging Naturally
Getting Older and Looking Good: The Realities About Aging Naturally Executive Summary: The New Face of Beauty In the last decade, as entered their forties and fifties, cosmetic companies have stepped up
More informationCERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS
CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS AMERICANS VIEWS ON THE ECONOMY AND THE FINANCIAL SYSTEM PENN SCHOEN BERLAND 245 E. 92 ST NEW YORK, NY 10128 7.12.10 NEW YORK WASHINGTON DENVER SEATTLE LOS
More informationFY 2010 800 Number Caller Survey Questionnaire
GENERAL INTRODUCTION FY 2010 800 Number Caller Survey Questionnaire Hello, my name is [first and last name]. I work for Synovate and I'm calling on behalf of the Social Security Administration. We are
More informationIOWA CERTIFIED NURSING ASSISTANT WAGE AND BENEFIT SURVEY. Prepared for:
IOWA CERTIFIED NURSING ASSISTANT WAGE AND BENEFIT SURVEY Prepared for: Iowa Commission on the Status of Women Iowa CareGivers Association Iowa Workforce Development Office of the Long Term Care Ombudsman
More informationShould You Hire. Financial Planner? Have you ever asked yourself the. Chapter 5. What Is a Financial Planner? Do You Need a
Chapter 5 Should You Hire A Financial Planner? P l a n n i n g A h e a d F o r R e t i r e m e n t Have you ever asked yourself the question, Do I need a financial planner? It may be more appropriate to
More informationPERFORMANCE MATTERS CONSUMER INSIGHTS FROM THE UNITED KINGDOM
PERFORMANCE MATTERS CONSUMER INSIGHTS FROM THE UNITED KINGDOM In the new hyperconnected world, we no longer go online, we are online. The ubiquity of mobile devices, the increase in WiFi availability and
More informationCHOOSING YOUR INVESTMENTS
CHOOSING YOUR INVESTMENTS KANSAS BOARD OF REGENTS MANDATORY RETIREMENT PLAN FOR ASSISTANCE GO ONLINE For more information on your retirement plan, investment education, retirement planning tools and more,
More informationResidential Property Investors in Australia 1
Reserve Residential Bank Property of Australia Investors in Bulletin Australia May 24 Residential Property Investors in Australia 1 Over the past decade, there has been a substantial increase in investor
More informationCustomer experience roulette: are banks making the right investments?
Customer experience roulette: are banks making the right investments? A survey of banking consumers and executives. 1 Executive summary Nuance commissioned a survey of 1,000 American consumers to learn
More informationA FAMILY GUIDE TO SAVING FOR COLLEGE
START SMART A FAMILY GUIDE TO SAVING FOR COLLEGE SCHOLASTIC and associated logos are trademarks and/or registered trademarks of Scholastic Inc. All rights reserved. WELCOME, PARENT OF A FUTURE COLLEGE
More informationWhat s the Cost of Spending and Saving?
LESSON DESCRIPTION AND BACKGROUND This lesson examines the benefits and opportunity cost of spending and saving. The students learn how compound interest makes savings grow. Compounding provides an incentive
More informationWhat is an annuity? The basics Part 1 of 8
What is an annuity? The basics Part 1 of 8 You may be considering an annuity, and, if that s the case, it is important that know what an annuity is and isn t. Basically, an annuity is a contract with an
More informationE-reader Ownership Doubles in Six Months
E-reader Ownership Doubles in Six Months Adoption rate of e-readers surges ahead of tablet computers Kristen Purcell, Associate Director for Research, Pew Internet Project June 27, 2011 Pew Research Center
More informationVideo 5 - Get a Financial Plan
Video 5 - Get a Financial Plan VIDEO SUMMARY The video notes that building wealth is hard work, and outlines some key factors that affect people's ability to build wealth. These factors include: paying
More informationU.S. Investors & The Fiduciary Standard. A National Opinion Survey September 15, 2010
U.S. Investors & The Fiduciary Standard A National Opinion Survey September 15, 2010 Methodology The ORC/Infogroup survey was conducted August 19-23, 2010 among a sample of 2,012 adults comprising 1,007
More information