Charles Schwab today released its latest retail client behavior and
sentiment report covering the second half of 2017.
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
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individuals create a better tomorrow. We have a history of challenging
the status quo in our industry, innovating in ways that benefit
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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.
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