Affluent investors are optimistic about prospects for the U.S. economy, and are even more bullish on the prospects for their own investment portfolios, according to a new Morgan Stanley Investor Pulse Poll released Tuesday.
The poll also revealed that both financial advisors and their high-net-worth clients today understand the importance of collaboration in financial decision making between married couples or those in a domestic partnership.
Morgan Stanley surveyed some 1,000 U.S. investors ages 25 to 75 with at least $100,000 in investable assets between May and July. A third of the households had assets of $1 million or more. The sample was representative of 94% of total U.S. household investible assets, according to a statement.
Bulls in 8 Markets
Seventy-one percent of wealthy survey participants believed the U.S. economy would be the same or better 12 months from now, and 87% had a similar outlook for their local economy.
And 90% expected their investments to perform the same or better in a year’s time.
Still, debate continues over how long and durable the current bull market will be, and the effect and timing of higher interest rates, Gregory Fleming, president of Morgan Stanley Wealth Management and Morgan Stanley Investment management, said in the statement.
“It’s no surprise, then, that two-thirds of high-net-worth investors say they rely on a financial professional for advice and guidance,” Fleming said.
The poll found investor bullishness spanning eight top markets it targeted.