Charles Schwab today released its retail client behavior and sentiment
report covering the first half of 2017.
Key highlights from the Schwab Wealth Management Monitor include:
-
Schwab retail clients overall were net buyers during the first half of
2017.
-
Average cash allocation across all retail clients decreased slightly
to 19.8 percent (from 21.1 percent at the end of 2016).
-
Clients are seeking planning and advice with planning conversations up
nine percent year-over-year and number of Schwab retail advisory
accounts up 15 percent year-over-year.
-
Client outlook for the U.S. stock market is up, with 42 percent
feeling bullish compared to 33 percent in Q2 2016.
-
Fifty-six percent of Schwab clients feel better off financially
compared to a year ago – the highest reading since the end of 2014.
“Our retail clients are increasingly optimistic and have spent the first
half of the year expanding their exposure to the market,” said Charles
Schwab Executive Vice President and head of Investor Services Terri
Kallsen. “They have their eyes on Washington and express some
concern about the possibility of a market correction, but despite those
factors, investor confidence is at a three-year high.”
The Q1/Q2 2017 Schwab Wealth Management Monitor report represents more
than seven million retail client accounts and approximately $1.5
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 on Twitter,
Facebook,
YouTube
and LinkedIn.
Disclosures
Findings based on an online internal survey of 988 retail clients with
at least $2,000 in statement equity conducted June 5-14, 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.
(0717-7YA9)
