August 2002
Journal of Financial Planning;Aug2002, Vol. 15 Issue 8, p26
Academic Journal
This article presents statistics concerning financial planning in the U.S. as of August 2002. The percentage gain by the Mei/Moses Fine Art Index during 2000 when the Standard & Poor's dropped 10.14 is 16 percent. While the average annual return of Mei/Moses Fine Art Index since 1950 is 12.2; The amount paid by the SIPC to investors in 2000 is 23 million dollars. The ratio of 401(k) participants who had reduced their company stock holdings since Enron is 1 is to 8. While the ratio of people who never check out the background of their broker or financial planner is 9 is to 10. The percentage of U.S. households with net assets under $10,000 is 25 percent. The average number of years an individual works for an employer before changing jobs is 4 years. On the other hand, the percentage of U.S. equity investors that allocate to American stocks even though American stocks constitute 53 percent of total value of worldwide equities is 90 percent.


Related Articles

  • WEALTH MANAGEMENT MEDIA SCAN. Garmhausen, Steve // American Banker;12/26/2006, Vol. 171 Issue 246, p12 

    The article discusses what consumer financial publications have been reporting about. It is suggested that investors should place 25%-35% of assets into international investments, and focus on at least some of the increased assets on small- and mid-cap markets. Analysts warn that 401(k) target...

  • 401(k) advice field gets more crowded. Williamson, Christine // Pensions & Investments;6/15/1998, Vol. 26 Issue 12, p1 

    States that investment advice is being offered by a number of 401(k) service providers. Number of companies who have applied for prohibited transaction exemptions allowing them to offer investment advice; Identification of some of the companies waiting for clarification from their lawyers to...

  • WEATHERING THE WALL STREET ROLLER COASTER.  // ColoradoBiz;Nov2008, Vol. 35 Issue 11, p48 

    The article presents tips on weathering the Wall Street roller coaster from financial advisors who are trying to calm nervous investors in the U.S. It suggests to the third-generation worker who contributes to 401(k) plan not to panic during times of economic turmoil. Financial planner Wayne...

  • HIRINGS.  // Pensions & Investments;4/2/2007, Vol. 35 Issue 7, p32 

    The article reports on the hiring of fund managers by various public associations dealing in pensions and investment in the U.S. Carroll College hired Wurts & Associates as the $26.4 million endowment's first investment consultant. Dressbarn Inc. has hired CitiStreet as third-party administrator...

  • When to Ask for Advice at Work. Wang, Penelope // Money;Aug2013, Vol. 42 Issue 7, p40 

    The article offers guidance on asking for professional investment advice on 401(k) retirement plan. It notes that professional advice starts and stops with target-date funds for many workers. However, more help is needed when people are nearing retirement. Figures showed that workers using...

  • The 401(k) Connection. Chapelle, Tony // On Wall Street;Aug2005, Vol. 15 Issue 8, p46 

    The article focuses on the opportunities that await investment advisors in the corporate retirement market in the U.S. 401(k) plans make up a big portion of the corporate qualified-plan market. Some practitioners say the typical success rate in this niche is less than one in a hundred, and the...

  • Investors are still not diversifying. Miller, Valerie // Las Vegas Business Press;4/8/2002, Vol. 19 Issue 14, p12 

    Reports the top five ways investor changed their behavior. Avoidance of heavy concentration in an individual stock; Need for investment education; Effect of Enron scandal on the way investors look at 401(k)s.

  • SAVING EARLY AND OFTEN. Galarza, Pablo // Money;Feb2005, Vol. 34 Issue 2, p92 

    The article focuses on the aggressive savings approach of Denver information technology consultant Archie Chaney. Chris Cordaro, a planner with RegentAtlantic Capital in Chatham, N.J., likes Chaney's approach, but has some suggestions. For one thing, Chaney is leaving money on the table by not...

  • RETIREMENT PLANS STIMULATE EQUITIES GROWTH.  // Practical Accountant;Jan2006, Vol. 39 Issue 1, p21 

    The article focuses on a survey, related to ownership of equities by individuals and the U.S. households, by the Investment Company Institute and the Securities Industry Association. Stocks are owned directly or through mutual funds by some 57 million households of the United States. As per the...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics