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World Wealth Report 2011
Thursday, November 24, 2011
How Much Cash Are Your Clients Really Holding? The Sum May Surprise You
Over the last year or so, advisors have been struggling to get their clients out of cash, but how much cash are your clients really holding? Investors say they’re holding 27 percent of their investable assets in cash, according to an MFS Investment Management survey of 929 investors. Generation Y investors lead the pack, allocating 33 percent to cash, up from 30 percent in February. Guess what financial advisors who were surveyed thought their younger clients held in cash? On average, advisors surveyed believe Generation X/Y investors held 10 percent in cash. Babyboomers? FAs thought boomers held 14 percent in cash. Read more... posted by Charles Monat Associates at 10:34 AM
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