For many advisors, the phone lines seem to simmer down just a bit during the summer months. That is about to change, however, according to a recent survey conducted by Edward Jones.
In mid-July, 2012 Edward Jones interviewed 1,010 U.S. adults to determine the issues that will impact investment and savings decisions the most. They found that 90% of Americans plan to change their investment strategy in the next six months.
The election was sited as the most significant reason for driving strategy changes.
39% percent of respondents indicated that the election was, again, the most significant reason prompting investment and savings changes. The next most significant factor was healthcare costs, representing 30% of those surveyed. Global economic issues were prompting 20% of the respondents to consider investment strategy changes.
96% of people earning more than $100,000 a year were the most likely to say that they will make changes to their investments and savings.
Take advantage of these final few weeks of summer by proactively scheduling investment review meetings. This will give you more control over your calendar in the fall, and help you prepare for the discussions that will inevitably occur.