Study: Managed investment accounts increase consumer financial confidence

FIDELITY INVESTMENTS RELEASED A STUDY that shows that most consumers feel more confident investing when their money is being managed than if it were not professionally managed. / COURTESY FIDELITY INVESTMENTS
FIDELITY INVESTMENTS RELEASED A STUDY that shows that most consumers feel more confident investing when their money is being managed than if it were not professionally managed. / COURTESY FIDELITY INVESTMENTS

BOSTON – Fidelity Investments, a money manager, released a report showing most people have more confidence investing if using a managed account.

The company surveyed 400 people aged 24 years and older who have at least $5,000 or more in a managed account. Survey results showed 76 percent of respondents had greater confidence that a managed account helped them achieve their financial goals.

“Working with a professional money manager can benefit even the most seasoned investors by taking the emotion out of their financial decisions,” said Rich Compson, head of managed accounts at Fidelity.

The results favor the company’s mission, as it touts $6.1 trilling in assets under management, including $2.2 trillion of managed assets.

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“We hear time and again from investors – particularly nervous ones – that a managed account has helped them stay properly allocated during stressful times when they otherwise would have overreacted, like in volatile markets,” Compson added.

The top three reasons survey respondents cited as top benefits to owning a managed account were:

  • Confidence the portfolio was properly diversified
  • Access to a financial professional
  • Confidence of being on track to meet investment goals

The full report can be found here.

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