In 2008, when the financial crisis started, nearly two-thirds (64 percent) of investors reported they were either scared or confused, and nearly half (47 percent) said their household lost significant assets.
Today, over half (56 percent) of investors feel confident about their financial condition, and those who use an advisor were more apt to say they feel the country’s economy is better now than 5 years ago.
“The more confident, empowered and knowledgeable the investor, the better client they are for an advisor,” added Couto. “The advisor gets a huge opportunity to present current events in their proper long-term perspective.”
The Fidelity Five Years Later study was conducted online among 1,154 U.S. investors during February 2013. Respondents had to be at least 25 years old, a financial decision maker for his/her household and own investments other than a savings account or certificate of deposit. Fidelity partnered with GfK, an independent third-party research firm, to conduct the study.