E*TRADE Advisor Services Study Reveals RIAs Enter Bearish Territory
24 Agosto 2020 - 3:05PM
Business Wire
E*TRADE Advisor Services, a provider of integrated technology,
custody, and practice management support for registered investment
advisors (RIAs), today announced results from the most recent wave
of its Independent Advisor Tracking study, which covers advisor
views on the market, the industry, their business, and clients.
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the full release here:
https://www.businesswire.com/news/home/20200824005542/en/
Concerns overs political instability gain
traction among advisors—up 75% since March—while the majority turn
more negative (Photo: Business Wire)
- Advisors are proceeding with caution. Over half of RIAs
surveyed (52%) said they are bearish looking ahead to the next
quarter—ticking up six percentage points since March.
- Political instability makes headway as a top risk. Over
half of advisors surveyed (56%) are actively managing risks
associated with political instability for clients—shooting up 24
percentage points since March and matching recession concerns.
However, managing market volatility for clients remains the top
risk (81%) RIAs are managing right now, ticking down four
percentage points since March.
- Clients continue to try to time the market. The top
mistake advisors see their clients make is attempting to time the
market (51%), ticking up six percentage points since March.
- But many indicate their client portfolios have already
recovered. Two out of five RIAs (41%) said their client
portfolios have fully recovered since the downturn.
“As the long-term ramifications of the pandemic begin to
crystalize, advisors have to adapt to the changing needs of clients
and coach them through these unprecedented times,” said Matthew
Wilson, President of E*TRADE Advisor Services. “Building solid
client relationships has become increasingly important as more
investors become engaged with the market and question the
trajectory of their portfolios. And with the backdrop of an
election year, client anxiety is likely to remain high. An open
line of communication between client and advisor can go a long way
in ensuring clients stay the course during potential choppy
waters.”
To learn more about E*TRADE Advisor Services, visit
etrade.com/advisorservices.
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About the Survey
This survey was conducted in-house from August 4 to August 7,
2020, among a convenience sample of 299 independent registered
investment advisors.
About E*TRADE Financial and Important Notices
E*TRADE Advisor Services is a provider of integrated technology,
custody, and practice management support for registered investment
advisors (RIAs). E*TRADE Advisor Services is dedicated to helping
RIAs realize their full potential and provide them the support they
need to manage their practices and clients’ financial futures. More
information is available at etrade.com/advisorservices.
E*TRADE Financial and its subsidiaries provide financial
services including brokerage and banking products and services to
retail customers. Bank products and services are offered by
E*TRADE Bank, and RIA custody solutions are offered by E*TRADE
Savings Bank doing business as “E*TRADE Advisor Services,” both of
which are federal savings banks (Members FDIC). Securities
products and services are offered by E*TRADE Securities LLC (Member
FINRA/SIPC). Commodity futures and options on futures products and
services are offered by E*TRADE Futures LLC (Member NFA). Managed
Account Solutions are offered through E*TRADE Capital Management,
LLC, a Registered Investment Adviser. More information is available
at www.etrade.com.
E*TRADE Financial, E*TRADE, and the E*TRADE logo are trademarks
or registered trademarks of E*TRADE Financial Corporation.
ETFC-G
© 2020 E*TRADE Financial Corporation. All rights reserved.
Referenced Data
When it comes to the market in the next
three months, are you?
March 2020
August 2020
Bullish
54%
48%
Bearish
46%
52%
What risks are you actively managing
right now when it comes to client portfolios? Select all that
apply.
March 2020
August 2020
Market volatility
85%
81%
Recession
55%
56%
Political instability
32%
56%
Interest rates
50%
48%
Inflation
14%
30%
Flattening/inverted yield curve
24%
19%
Armed conflict, war, or terrorism
8%
4%
None of these
2%
5%
Other
17%
9%
What is the biggest mistake you see
your clients making?
March 2020
August 2020
Trying to time the market
45%
51%
Not saving enough for retirement
20%
16%
Acting on stock tips that don't align with
long-term goals
7%
9%
Prioritizing their dependent's financial
needs over their own
6%
6%
Not preparing an estate or will
6%
5%
Asking for early withdrawals from
retirement accounts
5%
4%
None
4%
4%
Other, please specify:
5%
3%
Avoiding international investments
1%
2%
How long do you think it will take for
your client portfolios to recover from the pandemic-related
economic downturn?
August 2020
5+ years
1%
1–5 years
15%
7–12 months
19%
4–6 months
15%
1–3 months
8%
They’ve already recovered
41%
I don’t know
1%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200824005542/en/
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