U.S. Millionaire Households Hit New High
The number of millionaire households surpassed its prerecession high in 2013, Spectrem reported.
Half of Near-Retirees With 401(k)s Don’t Have an Advisor
A new study by the Spectrem Group’s Millionaire Corner found that half of 401(k) plan participants between 50 and 64 aren’t using a financial advisor.
Affluent Investors More Confident but Still on the Sidelines
Results of a monthly survey show that affluent investors are a happier lot than they have been in the past half year, though they still have a way to go toward fairly being described as confident.
Where the Clients Are: Facebook
Almost three-quarters of DC plan participants use Facebook, Spectrem found—and usage varies only slightly by age.
Fiscal Cliff, Poor Returns Push Wealthy Into Alternatives: Spectrem
Uncertainty about the fate of the Bush tax cuts and unsatisfactory returns are driving wealthy investors to seek higher performance in alternative investments, according to a new study by Spectrem Group.
Investor Confidence Way Up, but Not Equity Allocation
Strong gains in the U.S. equity markets, lower unemployment and encouraging news from the European debt crisis all contributed to a dramatic increase in economic optimism among high-net-worth and mass-affluent investors, according to Phoenix Marketing International.
Have We Turned the Confidence Corner? Millionaires Think So
Spectrem Millionaire Confidence Index hits nine-month high; consumer confidence, Chicago PMI—even Ben Bernanke—points to a possible resurgence, but Spectrem’s Wolper warns about negative effect of rising gas prices.
Advisors Fail Affluent Women, Spectrem Group Says
Affluent women want more advice before they invest. Spectrem's Wolper suggests advisors spend more time with women and focus on planning rather than returns.
Affluent Investor Confidence Index Dropped Sharply in August
The Affluent Investor Confidence Index fell nine points in August to –18, its lowest level in a year, while the Million Investor Confidence Index fell four points in August to –9, remaining at a neutral level.
The Rollover Opportunity Remains: IA Retirement Plan Advisor for September 2010
Spectrem study shows advisors, plan providers still not grabbing retirement assets in play