June 1998
Journal of Financial Planning;Jun98, Vol. 11 Issue 3, p21
Academic Journal
This article presents statistics from a survey conducted by the Journal of Financial Planning which focused on the responses of readers to issues related to financial planning, as of April 24, 1998. On a scale of 1 to 10, with 10 being the top rating respondents rated the current business climate for their practice of financial planning with 8.62. Meanwhile, on a scale of 1 to 5, with 1 being the most common, as to the possible behaviors exhibited by clients, respondents ranked stock market obsessed with 1.83, hoarder with 3, compulsive spending with 3.02, reluctance to buy necessities with 3.19 and gambling addictions with 3.81. Moreover, when asked what percentage of the portfolio of their typical clients is invested in, respondents said 73.7% invested in mutual funds, 13.3% invested in individual stocks and 13% invested in other vehicles. Furthermore, on a scale of 1 to 10, with 10 being the top rating, when asked to rate their current level of confidence with the investment environment as it relates to client goals and objectives, respondents rated it 7.90. Finally, in the wake of the 1997 Asian market decline, 10% of the respondents recommended to clients a decrease in international asset location, 18.6% recommended an increase in international asset location and 71.4% recommended to keep current asset location.


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