Findings from the State Street Global Advisors ETF Impact Survey maintain the majority of investors working with an advisor remain confident in their insight and guidance amid varied concerns.
State Street Global Advisors partnered with partnership A2Bplanning and Prodege to execute the online survey among individual investors in the United States, United Kingdom, Switzerland, Netherlands, Israel, Singapore, Japan, and Australia, with data collected from Nov. 30 to Dec. 12, 2022.
The domestic data was collected from a nationally representative sample of 1,000 adults 18 and older and filtered for analysis among 287 individual investors with investable assets of $250,000 or more. About half of those are working with a financial advisor, per officials.
“Helping clients remain confident and committed during times of volatility can be a challenge for advisors whose clients may have a knee-jerk reaction to abandon their investment strategy if markets get choppy,” State Street Global Advisors Head Brie Williams said. “Our survey found 86 percent of investors have discussed market volatility with their financial advisor, and 83 percent say their advisor has informed them of how volatility will affect their long-term financial goals.”
According to the survey results, the percentage of domestic investors sharing they value their financial advisors’ knowledge and guidance more during uncertain times held steady at 89 percent in comparison to June 2022, when it was 91 percent, while 81 percent indicated their financial advisor helped them remain confident in the midst of rising inflation and market volatility, compared to 86 percent in June.
The survey findings showed 71 percent of domestic investors are optimistic or very optimistic about their own financial future over the next 12 months.