The document provides information from a study of small and medium sized business owners in the United States. It finds that 19% of business owners, with over $1 million in personal investments, control 52% of the total $1.6 trillion in personal investments from SMB owners. The wealthiest SMB owners are more optimistic about their financial futures, less inclined to retire, more reliant on financial advisors, and more satisfied with their advisors. Common investments among affluent SMB owners include real estate, savings accounts, stocks, mutual funds and life insurance.
The Credit Suisse Research Institute released its sixth annual Global Wealth Report, which focuses on how the middle class has developed since the turn of the century. It finds that the size and wealth of the middle class globally grew quickly before the financial crisis, but growth subsided after 2007 and rising inequality has squeezed its share of wealth in every region. In its analysis, Credit Suisse has taken a new approach to defining the middle class category, using a wealth-based definition – versus an income-based one – that allows for adjustments over time to reflect inflation, and also varies across countries depending on local purchasing power.
- Download the 2015 Global Wealth Report (PDF): http://bit.ly/1VPgIlc
- Order the print version of the 2015 Global Wealth Report: http://bit.ly/1K6hMVJ
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
China scares us because it looks like a bubble economy. Understanding these kinds of bubbles is important because
they represent a situation in which standard valuation methodologies may fail. Just as financial stocks gave a false
signal of cheapness before the GFC because the credit bubble pushed their earnings well above sustainable levels
and masked the risks they were taking, so some valuation models may fail in the face of the credit, real estate, and general fixed asset investment boom in China, since it has gone on long enough to warp the models’ estimation of
what “normal” is.
Credit Suisse Global Investment Returns Yearbook 2016 Credit Suisse
Against the backdrop of the first interest rate increase by the Federal Reserve in almost a decade, the Credit Suisse Research Institute’s Global Investment Returns Yearbook examines similar episodes since 1900 and derives potential implications for future economic and financial market developments.
- Download the full report: http://bit.ly/1QSo6qn
- Order hard copy: http://bit.ly/1T9sTbe
- Visit the website: bit.ly/18Cxa0p
Check out this Slideshare for the full presentation from our recent Aspen Funds economic outlook.
www.aspenfunds.us
At this event, we spent a full day covering a variety of economic topics from the new tax plan to the stock market. For those who are interested in learning where the economy and stock market are headed, take a look.
BONUS: we did a special session on how the Blockchain & Cryptocurrencies work and their future.
Topics covered:
- Part 1: Interest Rates & Monetary Policy (pg. 4)
- Part 2: Economy (pg. 11)
- Part 3: Monetary Policy - The Endgame (pg. 21)
- Part 4: Real Estate Market (pg. 39)
- Part 5: The Stock Market (pg. 54)
- Part 6: Global Shock Risks (pg. 64)
- Part 7: Blockchain & Cryptocurrencies (pg. 68)
The Credit Suisse Research Institute released its sixth annual Global Wealth Report, which focuses on how the middle class has developed since the turn of the century. It finds that the size and wealth of the middle class globally grew quickly before the financial crisis, but growth subsided after 2007 and rising inequality has squeezed its share of wealth in every region. In its analysis, Credit Suisse has taken a new approach to defining the middle class category, using a wealth-based definition – versus an income-based one – that allows for adjustments over time to reflect inflation, and also varies across countries depending on local purchasing power.
- Download the 2015 Global Wealth Report (PDF): http://bit.ly/1VPgIlc
- Order the print version of the 2015 Global Wealth Report: http://bit.ly/1K6hMVJ
Visit the Credit Suisse Research Institute website: http://bit.ly/18Cxa0p
http://pwc.to/11CB1Xq
Dans son étude « Working Capital Survey 2013 », PwC montre que la performance BFR (Besoin en Fonds de Roulement, soit la trésorerie mobilisée par l’activité) des entreprises mondiales s'est dégradée de 2 % par rapport à l'année dernière. Seule exception, les sociétés européennes ont amélioré leur situation, démontrant une corrélation entre PIB et niveaux de BFR.
China scares us because it looks like a bubble economy. Understanding these kinds of bubbles is important because
they represent a situation in which standard valuation methodologies may fail. Just as financial stocks gave a false
signal of cheapness before the GFC because the credit bubble pushed their earnings well above sustainable levels
and masked the risks they were taking, so some valuation models may fail in the face of the credit, real estate, and general fixed asset investment boom in China, since it has gone on long enough to warp the models’ estimation of
what “normal” is.
Credit Suisse Global Investment Returns Yearbook 2016 Credit Suisse
Against the backdrop of the first interest rate increase by the Federal Reserve in almost a decade, the Credit Suisse Research Institute’s Global Investment Returns Yearbook examines similar episodes since 1900 and derives potential implications for future economic and financial market developments.
- Download the full report: http://bit.ly/1QSo6qn
- Order hard copy: http://bit.ly/1T9sTbe
- Visit the website: bit.ly/18Cxa0p
Check out this Slideshare for the full presentation from our recent Aspen Funds economic outlook.
www.aspenfunds.us
At this event, we spent a full day covering a variety of economic topics from the new tax plan to the stock market. For those who are interested in learning where the economy and stock market are headed, take a look.
BONUS: we did a special session on how the Blockchain & Cryptocurrencies work and their future.
Topics covered:
- Part 1: Interest Rates & Monetary Policy (pg. 4)
- Part 2: Economy (pg. 11)
- Part 3: Monetary Policy - The Endgame (pg. 21)
- Part 4: Real Estate Market (pg. 39)
- Part 5: The Stock Market (pg. 54)
- Part 6: Global Shock Risks (pg. 64)
- Part 7: Blockchain & Cryptocurrencies (pg. 68)
Ricardo V Lago -Interbank- Lima-22 04 2009 neiracar
Conferencia a la alta Gerencia de Intergroup en Lima el 22 de abril , 2009 sobre perspectivas de las economias mundial y peruana y oportunidades de inversion en bolsa
Economist Intelligence Unit (EIU) white paper produced at the height of the financial crisis in January 2009 outlining the opportunities to learn from the downturn and best practice to success in a changing environment.
We are pleased to release the December 2017 Africa Market Update covering the economies of Zambia, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue comes against the backdrop of Nigeria's credit risk downgrade by Moody's and discusses key issues underlying the macroeconomic environment including the uptick in the price of oil, resilience by the Naira and contraction in credit to the private sector. Our next issue, due mid January 2018, will provide an exhaustive stock take of events that impacted the investment landscape in 2017 and provide an outlook into 2018.
Mark Vitner, managing director and senior economist at Wells Fargo, keynoted the 2014 Economic Outlook Briefing, describing trends and the latest economic issues facing the nation and the region.
Based in Charlotte, Vitner writes for the company’s Monthly Economic Outlook report, the Weekly Economic & Financial Commentary, and also provides regular updates on the housing markets, commercial real estate, regional economies, and inflation. Vitner’s commentary has been featured in the New York Times, Wall Street Journal, and Bloomberg, among other publications.
In addition to Vitner’s economic forecast, briefing attendees heard the results of the Chamber’s annual Economic Conditions Survey, an online survey that gauges our community’s thoughts on the current economy based on Chamber member response.
Investors caught off guard by the Great Game’s evolution
stand to lose – on the low end – $1.41 trillion every year from
Wall Street alone.
And billions more could be eradicated from their bank
accounts due to spikes in energy and natural resource prices
– mixed with sharp drops in the U.S. dollar.
Ask yourself: Are you protected?
You don’t want to be left without a chair when the music stops.
As this Global Game unfolds, our entire way of life will
experience a dramatic shift for which very few investors have
prepared http://withDrDavid.com
Here’s a taste of the road ahead for the global economy:
• Coming supply shocks to natural resources – from oil and gas
to grains and rare earth metals – could unleash rampant
inflation that tears through every corner of the world economy.
• Exposure to mounting domestic debt leaves numerous leading
economies vulnerable to mounting geopolitical pressures,
reducing their political influence and driving up interest rates.
• The re-balancing of power between nations could cause
certain currencies to crash, economies to weaken, and
companies to crumble.
76% of executives in the U.S. innovation sector plan to grow their workforce in 2014, and 82% percent of executives say business conditions will improve in the coming year, according to Silicon Valley Bank's 2014 Innovation Economy Outlook study. These findings are based on Silicon Valley Bank's annual survey of more than 1,200 executives from software, hardware, cleantech and healthcare companiesin startup and growth stages of business in the US, UK and other global innovation hubs. In addition to the high rate of anticipated job creation, the study also reveals pervasive optimism, intent to access international markets for sales, and the ever-present challenge to obtain equity capital by some of the most innovative, high-growth companies in the world.
global Venture funding and start up data : top 10 chartsSumit Roy
2015 VC FUNDING HITS ALL-TIME HIGH. ENDS WITH PULLBACK.
Multi-year highs in funding: Globally, funding to VC-backed companies in 2015 hit an all-time high of $128.5B, up 44 percent versus 2014’s total of $89.4B.
Deals see steep decline: Large deals were the headline of 2015, largely driving the funding trends and leaving deal activity to fall for the final 2 quarters, including Q4’15, which saw just 1742 deals, the lowest quarterly total since Q1’13.
Oby Ezekwesili: A Holistic Look At The Nigerian Economy and Its PotentialsFeyi Fawehinmi
Oby Ezekwesili recently gave a speech at The Platform in Abuja. It was quite a good speech and with her permission, I am publishing the accompanying slides to the speech
In our research, we uncovered a powerful group among small and mid-size business owners. These influential people see it as their mission to speak out for the good of their communities. They want to make a difference and make things better. If you want to get your message out, these are the people you need to know. Learn about this group and how you can reach them better in this whitepaper on Influential SMBs: The Mouthpiece of the SMB Market.
Small and mid-sized business owners, no matter where they live in the United States, are an elite group. The purpose of this analysis is to highlight the differences in the behaviors and attitudes of SMB owners that occur across the four Census regions. As this report details, some of these differences are quite pronounced, while others are more subtle and nuanced. Taken in total, the hope is to provide a fuller view of SMB owners across the country, and help to ensure that each region’s particular dialect of business is more fully understood.
Ricardo V Lago -Interbank- Lima-22 04 2009 neiracar
Conferencia a la alta Gerencia de Intergroup en Lima el 22 de abril , 2009 sobre perspectivas de las economias mundial y peruana y oportunidades de inversion en bolsa
Economist Intelligence Unit (EIU) white paper produced at the height of the financial crisis in January 2009 outlining the opportunities to learn from the downturn and best practice to success in a changing environment.
We are pleased to release the December 2017 Africa Market Update covering the economies of Zambia, Nigeria, Kenya, Tanzania, Uganda and Rwanda. This issue comes against the backdrop of Nigeria's credit risk downgrade by Moody's and discusses key issues underlying the macroeconomic environment including the uptick in the price of oil, resilience by the Naira and contraction in credit to the private sector. Our next issue, due mid January 2018, will provide an exhaustive stock take of events that impacted the investment landscape in 2017 and provide an outlook into 2018.
Mark Vitner, managing director and senior economist at Wells Fargo, keynoted the 2014 Economic Outlook Briefing, describing trends and the latest economic issues facing the nation and the region.
Based in Charlotte, Vitner writes for the company’s Monthly Economic Outlook report, the Weekly Economic & Financial Commentary, and also provides regular updates on the housing markets, commercial real estate, regional economies, and inflation. Vitner’s commentary has been featured in the New York Times, Wall Street Journal, and Bloomberg, among other publications.
In addition to Vitner’s economic forecast, briefing attendees heard the results of the Chamber’s annual Economic Conditions Survey, an online survey that gauges our community’s thoughts on the current economy based on Chamber member response.
Investors caught off guard by the Great Game’s evolution
stand to lose – on the low end – $1.41 trillion every year from
Wall Street alone.
And billions more could be eradicated from their bank
accounts due to spikes in energy and natural resource prices
– mixed with sharp drops in the U.S. dollar.
Ask yourself: Are you protected?
You don’t want to be left without a chair when the music stops.
As this Global Game unfolds, our entire way of life will
experience a dramatic shift for which very few investors have
prepared http://withDrDavid.com
Here’s a taste of the road ahead for the global economy:
• Coming supply shocks to natural resources – from oil and gas
to grains and rare earth metals – could unleash rampant
inflation that tears through every corner of the world economy.
• Exposure to mounting domestic debt leaves numerous leading
economies vulnerable to mounting geopolitical pressures,
reducing their political influence and driving up interest rates.
• The re-balancing of power between nations could cause
certain currencies to crash, economies to weaken, and
companies to crumble.
76% of executives in the U.S. innovation sector plan to grow their workforce in 2014, and 82% percent of executives say business conditions will improve in the coming year, according to Silicon Valley Bank's 2014 Innovation Economy Outlook study. These findings are based on Silicon Valley Bank's annual survey of more than 1,200 executives from software, hardware, cleantech and healthcare companiesin startup and growth stages of business in the US, UK and other global innovation hubs. In addition to the high rate of anticipated job creation, the study also reveals pervasive optimism, intent to access international markets for sales, and the ever-present challenge to obtain equity capital by some of the most innovative, high-growth companies in the world.
global Venture funding and start up data : top 10 chartsSumit Roy
2015 VC FUNDING HITS ALL-TIME HIGH. ENDS WITH PULLBACK.
Multi-year highs in funding: Globally, funding to VC-backed companies in 2015 hit an all-time high of $128.5B, up 44 percent versus 2014’s total of $89.4B.
Deals see steep decline: Large deals were the headline of 2015, largely driving the funding trends and leaving deal activity to fall for the final 2 quarters, including Q4’15, which saw just 1742 deals, the lowest quarterly total since Q1’13.
Oby Ezekwesili: A Holistic Look At The Nigerian Economy and Its PotentialsFeyi Fawehinmi
Oby Ezekwesili recently gave a speech at The Platform in Abuja. It was quite a good speech and with her permission, I am publishing the accompanying slides to the speech
In our research, we uncovered a powerful group among small and mid-size business owners. These influential people see it as their mission to speak out for the good of their communities. They want to make a difference and make things better. If you want to get your message out, these are the people you need to know. Learn about this group and how you can reach them better in this whitepaper on Influential SMBs: The Mouthpiece of the SMB Market.
Small and mid-sized business owners, no matter where they live in the United States, are an elite group. The purpose of this analysis is to highlight the differences in the behaviors and attitudes of SMB owners that occur across the four Census regions. As this report details, some of these differences are quite pronounced, while others are more subtle and nuanced. Taken in total, the hope is to provide a fuller view of SMB owners across the country, and help to ensure that each region’s particular dialect of business is more fully understood.
Women-owned businesses are a vibrant and expanding segment of the U.S. market. By 2017, they are projected to account for 39% of all U.S. businesses.
The Business Journals is focusing on this growing segment and providing complimentary access to the report. To gather our findings, The Business Journals surveyed a national sample of small and mid-size business owners.
Our findings reveal key differences and similarities between men and women-owned businesses as well as profile characteristics, motivations and work-ethic of women-owned businesses.
For the first time ever, we're uncovering the political face of the small and mid-size business market and providing complimentary access to the report. To gather our findings, The Business Journals surveyed a national sample of small and mid-size business owners.
Within the report, we'll share:
• The political make-up of the SMB market
• Key differentiators between political parties
• Profile characteristics of political affiliation
• Compare and contrast of concerns across business and personal issues
The Business Journals gathered data from a national sample of small and mid-size business owners and we're using the data to predict the topics and trends that will matter most to small and mid-size businesses in 2017.
On an annual basis, The Business Journals gathers data from a national sample of small and mid-size business owners to compile key learnings and insights into the state of the SMB market. Within the proprietary report, we're sharing the big picture, new and notable market shifts, purchase dynamic themes and the most trusted brands.
With Bizwomen and Mentoring Monday, you'll learn how to reach affluent executives who are making a real impact for women in business.
Mentoring Monday is Bizwomen's annual speed coaching event happening each Spring simultaneously in 43 cities across the country. This unique event is a great opportunity to engage with top local business leaders who are making a real impact, the type of women you want to reach.
Nicola Wealth CEO John Nicola provides an introduction to dental professionals on investment strategies that go beyond stocks and bonds, demonstrating the integrated possibilities of true wealth management.
There's a reason why 6 out of 10 of the top performing hedge funds are quant firms, and on a typical trading day 90% of trades are made by computers . In the next decade quantitative investing will become THE way to invest. Don't get left behind, learn how to use algorithms to invest.
Opportunity of a lifetime. Part time. Side hustle. Career. Business. 6-figure. Beach money. Money while you sleep. Passive Income. Financial Freedom. John Gamboa
A Target Retirement Income Plan is a nonqualified, supplemental, after-tax executive retirement benefit program that changes the focus from return on investment to certainty of predictable income in retirement.
Presentated at Seattle Angel Conferece 21 Final Event - Halo 2020 Angel Report Insights on a National and Regional Level and Seattle Angel Groups 2021 Insights
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the what'sapp number.
+12349014282
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the what'sapp contact of my personal pi merchant to trade with
+12349014282
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the what'sapp contact of my personal pi merchant to trade with.
+12349014282
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the what'sapp information for my personal pi vendor.
+12349014282
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
2. Representative of Middle
Market nationwide
Nationally Representative
Study
2016 Insights Method2016 RESEARCH METHOD
2
1,740 INTERVIEWS
BUSINESSES WITH 1-999
EMPLOYEES
OWNERS, C-SUITE, KEY
DECISION MAKERS
PHONE INTERNET INTERVIEWS
FIELDED THROUGH JANUARY ‘16
3. 3
EXECUTIVE SUMMARY
1. Even though there has been recent stock market volatility, economic indicators continue to be solid, and
SMB owners’ investment portfolios are holding steady.
2. SMB owners with 5-499 employees account for $1.6 trillion in personal investment dollars, a level
comparable to the GDP’s of Canada ($1.57T) and Brazil ($1.8T).
3. The wealthiest SMBs, with $1 million or more in personal investments, account for 19% of business
owners, and control more than half (52%) of all SMB investment dollars.
4. Persona: Self-made, wealthy, highly educated men in their late 50’s. All run successful businesses that
generate the bulk of sales locally.
5. The wealthier SMB owners are ….
… the greater their optimism about their financial futures.
… the less inclined they are to retire (‘ever’).
… the more reliant they are on seeking professional financial help.
… the more satisfied they are with their financial planner.
6. Leading financial advisors include independent financial planners, full service brokerage companies, and
wealth management firms.
7. Wealthy SMBs are invested in traditional, conservative vehicles, such as real estate, savings accounts,
stocks, mutual funds, life insurance, 401(k)s.
8. Awareness, trial and usage across investment brands varies dramatically, and is influenced by SMB
owners’ degree of wealth.
5. Sources: U.S. GDP -- Bureau of Economic Analysis, National Economic accounts: chart on %change from proceeding years based on chained 2009
dollars (www.BEA.gov/national/index.htm; U.S. Budget Deficit -- www.usgovernmentspending.com
$236
$127
-$158
-$374 -$413
-$318
-$248
-$161
-$458
-$1,413
-$1,294 -$1,300
-$1,087
-$608
-$466 -$439
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
U.S. BUDGET DEFICIT
(IN BILLIONS)
4.1%
1.0%
1.8%
2.8%
3.8%
3.4%
2.7%
1.8%
-0.3%
-2.8%
2.5%
1.8%
2.8%
2.2%
2.4%
2.4%
U.S. GDP ANNUAL CHANGE
THE GDP UP 2%; THE BUDGET DEFICIT
IS AT A SEVEN YEAR LOW
5
6. Source: U.S. Dept of Labor/Labor Force Statistics
4.0%
4.7%
5.8% 6.0% 5.5% 5.1% 4.6% 4.6%
5.8%
9.3% 9.6%
8.9%
8.1%
7.4%
6.2%
5.3% 4.9%
U.S. UNEMPLOYMENT RATE
THE UNEMPLOYMENT RATE IS BACK AT
PRE-RECESSION LEVELS
6
7. THE STOCK MARKET HAS RECENTLY
BEEN VOLATILE
7
Sources: Google Finance, Closing of the DJIA at the end of December for each year indicated
DOW JONES INDUSTRIAL AVERAGE:
ANNUAL YEAR END & RECENT CLOSINGS
10787
10022
8342
10454
10783 10717
12463
13265
8776
10428
11577
12217
13104
16577
18053
17425
15882
16620
5000
7000
9000
11000
13000
15000
17000
19000
8. MARKET VALUE OF PERSONAL
INVESTMENT PORTFOLIO
(AVERAGE IN THOUSANDS)
NONETHELESS, SMB OWNERS’
PERSONAL INVESTMENT VALUATIONS
REMAIN RELATIVELY UNCHANGED
8
“Which of the following best describes the total market value of your investment portfolio (excluding real estate, retirement accounts &
529/College savings plans)?” “Which of the following best describes your total net worth?”
$265.4
$217.7 $237.4
$350.8 $334.6
$413.2
$448.2 $460.3
2008 2009 2010 2011 2012 2013 2014 2015
$1.41
$1.27 $1.22 $1.27
$1.20
$1.40
$1.53 $1.52
2008 2009 2010 2011 2012 2013 2014 2015
TOTAL NET WORTH
(AVERAGE IN MILLIONS)
Actual
Year
9. 23% 23% 24% 22% 22% 20% 16%
52% 50% 46% 49%
41%
38% 41%
25% 27%
21% 21%
26%
28% 27%
9% 8% 11% 14% 16%
2009 2010 2011 2012 2013 2014 2015
$1M or More
$250K-$999K
Under $250K
No Answer
SMBs HAVE SUBSTANTIAL WEALTH;
43% HAVE INVESTMENTS VALUED AT
$250K+
9
DISTRIBUTION OF SMB PERSONAL
INVESTMENT PORTFOLIO VALUATIONS
NOTE: $1M+ portfolio size not broken out for 2009 and 2010
“Which of the following best describes the total market value of your investment portfolio (excluding real estate, retirement accounts & 529/college
savings plans)?”
Market Value of
Portfolio:
Actual Year
43%
10. TOTAL INVESTMENT VALUATIONS
Total SMB
Owners
Less than $250K
Portfolio
Affluent
($250K-$999K
Portfolios)
Super Affluents
($1M or More
Portfolios)
# of Businesses 3.44 Million 1.72 Million 1.07 Million 652,828
% of 5-499 Businesses* 100% 50% 31% 19%
Investment Portfolio Size $460.3K $94.3K $545.3K $1.25MM
TOTAL INVESTMENTS** $1.6 Trillion $162 Billion $581 Billion $816 Billion
SMBs REPRESENT $1.6 TRILLION
OVERALL IN PERSONAL INVESTMENTS
10
“Which of the following best describes the total value of your investment portfolio (excluding real estate, retirement account investments & 529
plans/college savings plans?”
*Re-percentaged to eliminate ‘no answers;’ **Number of businesses X average investment portfolio size
11. INVESTING POWER OF AFFLUENT SMB OWNERS
50%
31%
19%
10%
38%
52%
Less than $250K $250K-$999K $1M or More
% of SMB Owners* % of Total Investments
THE SUPER AFFLUENT ($1M+) CONTROL
OVER HALF OF ALL SMB PERSONAL
INVESTMENTS
11
“Which of the following best describes the total value of your investment portfolio (excluding real estate, retirement account investments & 529
plans/college savings plans)?”
*Re-percentaged to eliminate ‘no answers’
SIZE OF PERSONAL
INVESTMENT
PORTFOLIO
12. THE WEALTHIEST SMBs PLAN TO
INVEST TWICE THE AMOUNT OF OTHER
AFFLUENTS
12
$20.1
$47.1
$100.5
Under $250K $250K-$999K $1M+
“Approximately how much do you personally plan to invest in the next 12 months?”
AMOUNT PLAN TO INVEST IN THE UPCOMING YEAR
(IN THOUSANDS)
SIZE OF PERSONAL
INVESTMENT
PORTFOLIO
14. AFFLUENT SMB OWNERS ARE WELL-
EDUCATED, WEALTHY MEN IN THEIR
LATE 50’S
14
<$250K
Portfolios
Affluent
$250K-$999K
Super Affluent
$1M or More
Men 61% 76% 79%
Age (average) 49.1 55.1 58.5
Household Income (average) $134K $185K $338K
Average Net Worth $791K $1.55M $3.49M
College grad or higher 63 72 82
Married 72 77 83
Children <18 living at home 37 26 17
A/B Counties 78 78 83
Northeast 19 20 18
South 35 35 31
Midwest 23 22 22
West 23 23 29
Republicans 45 46 51
Independents 21 21 17
Democrats 25 28 27
15. AFFLUENT SMBs RUN SUCCESSFUL
COMPANIES WITH HIGH SALES
GROWTH; LOCAL SALES PRE-DOMINATE
15
<$250K
Portfolios
Affluent
$250K-$999K
Super Affluent
$1M or More
Sales (average) $3.4M $9.3M $21.3M
Fast growing (11%+ growth) 33% 40% 40%
# of Employees (average) 18 27 39
Years in operation (average) 26.8 28.5 32.1
Generate sales locally 93% 92% 89%
Generate sales nationally 60 63 69
Generate sales internationally 25 24 30
White Collar 64 69 63
Women-Owned 35 26 27
Minority-Owned 13 10 10
Business Travel 1+X/Month 29 34 39
Hours work per week (average) 49.6 49.5 52.8
FIRMOGRAPHICS
16. THE GREATER SMBs’ WEALTH, THE
MORE OPTIMISTIC THEY ARE ABOUT
THEIR FINANCIAL FUTURES
16
“How much do you agree/disagree with the following statements about your personal finances and investments?”
ATTITUDES ABOUT INVESTING
94%
93%
81%
81%
66%
74%
I feel confident that I will be able to maintain
my current lifestyle throughout my retirement
I am optimistic about my financial future
Under $250K $250-$999 $1M+
SIZE OF PERSONAL
INVESTMENT PORTFOLIO
% Agree
Completely/Mostly
17. FOR SMBs, HAVING A LARGE NEST EGG
DOES NOT NECESSARILY TRANSLATE TO
TAKING EARLY RETIREMENT
17
33%
30%
28%
14% 13%
7%
42%
47%
45%
11% 10%
20%
Under $250K $250K-$999K $1M+
Before 65 At 65 66 or Older Never
PLANNED RETIREMENT AGE
SIZE OF PERSONAL
INVESTMENT
PORTFOLIO
65%
Will retire
after age 65 or
never
18. MOST ACQUIRED THEIR WEALTH VIA
THEIR OWN HARD WORK
18
73%
65% 63%
19%
28% 30%
8% 7% 7%
Under $250K $250K-$999K $1M+
Money Earned By Working Via Investments Inheritance
SHARE OF HOW WEALTH WAS ACCUMULATED
SIZE OF PERSONAL
INVESTMENT
PORTFOLIO
20. WEALTHY SMBs HAVE POSITIVE
IMPRESSIONS OF THE BANKING &
FINANCIAL SERVICES INDUSTRIES
20
AFFLUENTS $250K+ PORTFOLIO
INDUSTRY OUTLOOK
% VERY/SOMEWHAT POSITIVE
“We would like to get your overall impressions of several major industries in the U.S. For each, please give your overall view of it.”
Actual
Year
41%
19%
29%
32% 31%
35%
49% 49%
37%
21% 22%
28%
25%
35%
40%
46%
2007 2008 2009 2010 2011 2012 2013 2015
Financial/Investment Services Banking
38%
42%
53%
55%
29%
33%
41%
49%
2011 2012 2013 2015
Financial/Investment Services Banking
SUPER AFFLUENTS $1M+ PORTFOLIO
INDUSTRY OUTLOOK
% VERY/SOMEWHAT POSITIVE
21. WEALTHIER SMBS ($1M+) ARE MORE
INCLINED TO USE FINANCIAL
PLANNERS
21
“How much do you agree/disagree with the following statements about your personal finances and investments?”
ATTITUDES ABOUT INVESTING
67%
43%
59%
53%
56%
62%
I use a financial planner to help me
manage my wealth
I don’t feel I know enough about investing
to manage my own portfolio
Under $250K $250-$999 $1M+SIZE OF PERSONAL
INVESTMENT PORTFOLIO
% Agree
Completely/Mostly
22. WEALTHY SMB INVESTORS RELY ON
FINANCIAL PLANNERS TO PLACE THE
MAJORITY OF THEIR TRADES
22
Financial
Planner or
Investment
Company
53%Personally via
online trading
28%
Other Means
19%
Financial
Planner or
Investment
Company
58%
Personally via
online trading
23%
Other Means
19%
AFFLUENT $250K-$999K PORTFOLIO SUPER AFFLUENT $1M+ PORTFOLIO
“What percentage of your personal investment portfolio consists of investments purchased for you by a financial planner of investment company? Purchased by you
via online trading? By other means?”
SHARE DISTRIBUTION OF HOW TRADES ARE MADE
23. POOR CUSTOMER SERVICE &
INVESTMENT PERFORMANCE ARE KEY
DRIVERS TO SWITCHING ADVISORS
23
TOP REASON TO CHANGE FINANCIAL PLANNERS/HIRE A NEW
COMPANY FOR FINANCIAL ADVICE
“To what extent might each of the following factors drive you to consider changing financial planners or to focus in more
closely on your personal financial planning?”
% Rating Critical
Factor/Contributes A Lot
11%
26%
34%
26%
28%
37%
29%
56%
69%
16%
28%
29%
29%
33%
39%
43%
54%
60%
Significant birthday or milestone
Receive advice from credible source (invest pub, analyst)
Current financial planner changes firms
Recommendation from a trusted friend or colleague
Volatility of the stock market
Higher federal, state and local taxes
Receipt of a monetary windfall (bonus, inheritance)
Poor portfolio performance
Inadequate customer service
$250K-$999K
$1M+
SIZE OF PERSONAL
INVESTMENT PORTFOLIO
25. INDEPENDENT ADVISORS &
BROKERAGE FIRMS LEAD AS PRIMARY
INVESTMENT ADVISORS
25
PRIMARY INVESTMENT ADVISOR
(AMONG AFFLUENTS WITH $250K-$999K PORTFOLIOS)
“Which of the following financial providers for investments do you currently use?” “Which of these providers is your primary advisor for you personal
finances?”
32%
28% 27%
23% 23%
19% 18%
16%
13%14%
10%
20%
17%
11%
9% 8% 7% 8%
Currently Use Primary Provider
26. AFFLUENT SMB OWNERS ARE LESS
SATISFIED WITH THEIR ADVISORS THAN
THE WEALTHIEST SMBs
26
7% 6%
60%
39%
33%
55%
$250K-$999K $1M+
Extremely Satisfied
Somewhat Satisfied
Not Very/Not At All
SATISFACTION WITH PRIMARY INVESTMENT ADVISOR
(AMONG AFFLUENTS WITH $250K+ PORTFOLIOS)
“How satisfied are you with your primary financial advisor?”
SIZE OF PERSONAL
INVESTMENT PORTFOLIO
27. AFFLUENTS’ LEAD INVESTMENTS ARE
REAL ESTATE & SAVINGS ACCOUNTS
27
INVESTMENTS OWNED / PLAN TO INVEST IN
(AMONG AFFLUENTS WITH $250K-$999K PORTFOLIOS)
“Please click all of the following types of investments that you currently own.” “In the next year, what types of investments are you planning to invest in?”
67%
65%
62%
58%
52% 50%
44% 44%
21% 20% 20% 18% 17% 15% 15% 13% 11% 8% 7%
4%
21%
29%
39%
32%
11%
23%
17% 18%
8%
10%
6%
9%
6%
4%
10%
6% 8%
4% 3% 2%
Currently Own Plan to Invest in Next Year
29. EMPLOYEE PLANS, WEALTH
MANAGEMENT & BROKERAGE FIRMS
LEAD AS PRIMARY ADVISORS
29
“Which of the following financial providers for investments do you currently use?” “Which of these providers is your primary advisor for you personal
finances?”
PRIMARY INVESTMENT ADVISOR
(AMONG SUPER AFFLUENTS WITH $1M+ PORTFOLIOS)
39%
34%
30% 29%
27%
25%
22%
20%
18%
10%
23%
17%
5%
18%
8%
6%
10%
7%
Currently Use Primary Provider
30. THE WEALTHIEST SMB OWNERS ARE
HIGHLY SATISFIED WITH THEIR
PRIMARY ADVISORS
30
7% 6%
60%
39%
33%
55%
$250K-$999K $1M+
Extremely Satisfied
Somewhat Satisfied
Not Very/Not At All
SATISFACTION WITH PRIMARY INVESTMENT ADVISOR
(AMONG AFFLUENTS WITH $250K+ PORTFOLIOS)
“How satisfied are you with your primary financial advisor?”
SIZE OF PERSONAL
INVESTMENT PORTFOLIO
31. STOCKS & REAL ESTATE ARE LEAD
INVESTMENTS
31
“Please click all of the following types of investments that you currently own.” “In the next year,
what types of investments are you planning to invest in?”
INVESTMENTS OWNED / PLAN TO INVEST IN
(AMONG SUPER AFFLUENT WITH $1M+ PORTFOLIOS)
73% 71%
68%
64%
58%
54% 53%
37% 36%
31% 30%
26% 25% 25%
21% 20% 20%
14%
11% 11%
49%
22%
27%
41%
11%
25%
22%
13%
15%
11%
10% 8% 7%
13% 11%
9%
5% 7% 5%
3%
Currently Own Plan to Invest in Next Year
36. ABOUT THE BUSINESS JOURNALS
36
For more than three decades, American City Business Journals has been the nation’s largest
publisher of local business news and information in print and online, deploying more than 600
journalists across 43 major U.S. cities. ACBJ serves audiences valuable news and data
anytime and anywhere they seek it.
Research:
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212-500-0611
jessieshaw@bizjournals.com
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703-258-0888
aorfinger@bizjournals.com
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704-973-1005
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704-973-1839
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