Sixty Percent of Retail Investors Feel Better off Financially Compared to a Year Ago According to the Latest Schwab Wealth Ma...
January 31 2018 - 11:30AM
Business Wire
Charles Schwab today released its latest retail client behavior
and sentiment report covering the second half of 2017.
This press release features multimedia. View
the full release here:
http://www.businesswire.com/news/home/20180131005375/en/
Terri Kallsen, Executive Vice President
and head of Schwab Investor Services (Photo: Business Wire)
Key highlights from the “Schwab Wealth Management Monitor”
include:
- Schwab retail clients overall were net
buyers during the second half of 2017.
- Average cash allocation across all
retail clients decreased to 18.5% (from 21.1% a year ago).
- Nearly 60% of Schwab clients feel
better off financially compared to a year ago – the highest rating
in five years.
- Client outlook for the U.S. stock
market is down slightly with 40% feeling bullish compared to 42% a
year ago; 41% now feel bearish – a 10% increase from a year
ago.
- The political landscape in Washington
and the possibility of a stock market correction are the top
investor concerns.
“There are signs of continued positivity from retail investors
with an increasing number of clients feeling better off compared to
a year ago,” said Charles Schwab Executive Vice President and head
of Investor Services Terri Kallsen. “But we’re also seeing some
bears come out of hibernation due to concerns about a possible
stock market correction and uncertainty in Washington D.C.”
The Q3/Q4 2017 Schwab Wealth Management Monitor report
represents more than seven million retail client accounts and more
than $1.2 trillion in assets.
The full report is available here.
About Charles Schwab
At Charles Schwab, we believe in the power of investing to help
individuals create a better tomorrow. We have a history of
challenging the status quo in our industry, innovating in ways that
benefit investors and the advisors and employers who serve them,
and championing our clients’ goals with passion and integrity.
More information is available at www.aboutschwab.com. Follow us
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Disclosures
Sentiment findings based on an online internal survey of 1,067
Schwab Investor Services clients between December 4-14, 2017. Data
analyzed by Koski Research.
Through its operating subsidiaries, The Charles Schwab
Corporation (NYSE: SCHW) provides a full range of securities
brokerage, banking, money management and financial advisory
services to individual investors and independent investment
advisors. Its broker-dealer subsidiary, Charles Schwab & Co.,
Inc. (member SIPC, www.sipc.org), and affiliates offer a complete
range of investment services and products including an extensive
selection of mutual funds; financial planning and investment
advice; retirement plan and equity compensation plan services;
compliance and trade monitoring solutions; referrals to independent
fee-based investment advisors; and custodial, operational and
trading support for independent, fee-based investment advisors
through Schwab Advisor Services. Its banking subsidiary, Charles
Schwab Bank (member FDIC and an Equal Housing Lender), provides
banking and lending services and products. Koski Research is not
affiliated with the Charles Schwab Corporation or its affiliates.
More information is available at www.schwab.com and
www.aboutschwab.com.
Investment Products: Not FDIC Insured • No Bank Guarantee •
May Lose Value.
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Charles SchwabMichael Cianfrocca,
415-667-0344michael.cianfrocca@schwab.com
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