Americans Confident They Are on Track to Realize Financial Goals and Recognize the Importance of Having a Financial Plan
December 19 2017 - 11:00AM
Business Wire
Investors appreciate insight of a Financial Advisor as a
complement to digital information
Americans are confident that they are on track to achieve their
long-term financial goals, according to the latest Investor Pulse
Poll by Morgan Stanley. Many also want a comprehensive financial
plan to help them achieve these goals, and professional help to
create that plan.
These are among the findings of the latest Morgan Stanley Wealth
Management Investor Pulse Poll, which this summer surveyed 1,000
U.S. households with at least $100,000 in investible assets, a
third of which had investible assets of $1 million or more.
Additional findings were:
- Ninety-one percent of investors believe
that they are on track to achieve their long-term financial goals.
- Top long-term goals were saving for
retirement (35%), transitioning wealth to the next generation
(33%), and paying off a mortgage (32%).
- Eighty-eight percent of Millennials
(those between 25 and 35) believe they are on track to reach their
long-term goals.
- Millennials’ priorities, after saving
for retirement (44%), are paying off a mortgage (42%) and paying
for a child/grandchild’s education (35%).
- Those working with a financial
professional would like professional help creating a comprehensive
plan (51%) and want advice that supplements any information they
may receive from online financial planning tools (57%).
- Thirty-one percent of investors overall
use a Financial Advisor as their primary financial
professional.
- Compared with 2016’s results, slightly
fewer investors believe that their portfolios will either remain
the same or increase in 2018.
- Fifty-nine percent of Investors are
confident that their investment portfolios will stay constant in
the next year, with another 32 percent believing they will
increase; this compares with 63 percent and 26 percent respectively
in 2016’s survey.
- Investors expressed concern about
having adequate savings to meet their financial needs.
- Their top concerns include making their
money last for their lifetime (67%), maintaining their standard of
living for the rest of their life (56%), and being able to pay
medical bills (52%).
Looking towards 2018, investors are almost evenly split between
those believing it will be a good time to invest (40%), and those
who are neutral (45%); only 14% predict next year will be bad for
investments.
Morgan Stanley (NYSE:MS) is a leading global financial services
firm providing investment banking, securities, wealth management
and investment management services. With offices in more than 42
countries, the Firm's employees serve clients worldwide including
corporations, governments, institutions and individuals. For more
information about Morgan Stanley, please visit
www.morganstanley.com.
Important Disclosures:
Important information about your relationship with your
Financial Advisor and Morgan Stanley Smith Barney LLC when using a
Financial Planning tool. When your Financial Advisor prepares a
Financial Plan, they will be acting in an investment advisory
capacity with respect to the delivery of your Financial Plan. To
understand the differences between brokerage and advisory
relationships, you should consult your Financial Advisor, or review
our Understanding Your Brokerage and Investment Advisory
Relationships brochure available at
www.morganstanley.com/ourcommitment/.
You have sole responsibility for making all investment decisions
with respect to the implementation of a Financial Plan. You may
implement the Financial Plan at Morgan Stanley Smith Barney LLC or
at another firm. If you engage or have engaged Morgan Stanley, it
will act as your broker, unless you ask it, in writing, to act as
your investment adviser on any particular account.
The Investor Pulse Poll was conducted by GfK Public
Communications and Social Science using the GfK KnowledgePanel. In
order to qualify for this study, respondents were required to have
$100,000 or more in household liquid investable assets, be between
the ages of 25 and 75 years old, and be one of the primary decision
makers in the household for financial matters. The Investor Pulse
Poll surveyed 1,001 investors between August 15, 2017 and September
7, 2017. An oversample of 202 Millennial investors between the ages
of 25-35 was also conducted during this timeframe using a blend of
samples from the GfK KnowledgePanel and other online panels. High
net worth investors account for 95 percent of total U.S. household
investable assets by value, according to Federal Reserve data.
© 2017 Morgan Stanley Smith Barney LLC. Member SIPC.
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Media RelationsFor Morgan Stanley:Margaret Draper,
914-225-6369
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