With more than $350 billion in assets, affluent investors unhappy with their current employer-sponsored retirement plans have no misgivings about moving their funds elsewhere.
Cogent Research revealed that discovery in its "Investors in Action" report. The data showed that of the 25% of affluent Americans who have assets sitting in former employers' retirement plans, about half (42%) said they are likely to roll over the assets into an IRA sometime within the next year. That group has approximately $350 billion in assets ready to shift.
Cogent defines the affluent as those with $100,000 or more in investable assets, excluding real estate. The firm's report surveyed more than 4,000 investors.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
