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.
Battered Boomers Shifting Retirement Goals and Mindsets
More than any prior generation, the soon-to-be-retiring baby boomers are concerned with continual earning and spending as they age.
Wealthy Investors Skeptical of Companies’ Socially Responsible Claims
Affluent investors tend to be skeptical of companies that proclaim they have a socially responsible strategy, wondering whether this is simply a public relations gimmick.
Alphabet Soup Decoded
It is obvious to financial advisors and wealth managers that our profession has grown incredibly complex. IMCA is part of the solution
Wealthiest Investors Less Likely to Plan for Retirement
Many investors with income of $750,000 or more are less likely to have retirement plans than those at lower income levels, according to a Spectrem Group report.
Stock Market Rally Means 400,000 New Millionaires
The recent stock market rally has been good for investors—and by extension advisors. But will it last?
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.
Advisors Losing ‘Significant’ Ground With Wealthy Clients: Spectrem
"More than one-quarter of affluent investors in all three wealth segments think they do a better job of investing than their advisors,” says Walper of Spectrem Group.
Wealthiest Americans Are Pleased With Their Advisors
The country’s wealthiest Americans show a significant increase in satisfaction with their financial advisor, Spectrem Group reports.