The latest research among affluent individuals purchasing diversified insurance and investment products for their retirement shows that the share “in market” to make a near-term change with their investment advisor(s) or portfolio strategy has dropped from 73% in November 2009 to 43% this past spring.
Phoenix Marketing International recently announced the findings from its latest study among pre-retirement investors age 35 to 64 with household income and investable assets of at least $100K.
Conducted earlier this year, the Phoenix study shows that affluent pre-retirees now report greater stability with their investment situation than was measured just two years ago.
“Our historical data indicate much greater resilience to market turmoil than we observed in the fall of 2009,” stated Kristina Terzieva, who is the program director for this unique financial services study.
More than 4,800 individual investors have responded to the semi-annual Phoenix study since May 2009 and those indicating a near-term replacement of their financial advisor(s) or the closure of an investment account(s) are at the lowest levels recorded in more than two years.
Among affluent pre-retirees planning to make a change in the next month, meeting with their financial advisor or finding out more about retirement products and services or making a change with their investment strategy are the most frequently anticipated activities.