BMO Private Bank: Ninety Percent of Washington's Affluent Say They Are Pleased With Their Current Financial Situation
- More than half of high-net worth individuals in Washington say they are better off today than before September 2008 - They are most bullish on the technology and energy sectors but lack confidence in the health and manufacturing sectors - Their spending on vacations, entertainment and hobbies are back to pre-recession levels
(firmenpresse) - SEATTLE, WASHINGTON -- (Marketwired) -- 10/03/13 -- A study released today by BMO Private Bank has revealed that Washington's high-net worth individuals say they have bounced back from the 2008 recession and are feeling upbeat about their current savings and investment strategy. The study is the second in a series by BMO Private Bank examining trends among high-net worth individuals (those with investible assets of $1 million or more) in Washington and across the country.
According to the study, 90 percent of Washington's affluent feel good about how they are saving and investing their money and 52 percent expect the U.S. economy to improve over the next year. Further, more than half (52 percent) feel that they are better off today than they were prior to the period before September 2008.
Other key highlights of the study include:
"Washington's affluent clearly feel they have made wise saving and investment choices in the aftermath of the 2008 recession, as evidenced by their stable financial position and their confidence in the markets," said Peter Glidden, Managing Director, BMO Private Bank. "As they continue to spend and save strategically, they can count themselves as key players in the ongoing upswing of the U.S. economy."
Key National Findings:
On a national level, the study found:
About BMO Private Bank, a Part of BMO Financial Group
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.
BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. Not all products and services are available in every state and/or location.
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a sample of 482 American adults who have $1M+ in investable assets (including a sub-sample of 40 Washington State residents). The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contact:
Beth Copeland
317-269-1395
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Unternehmensinformation / Kurzprofil:
Datum: 03.10.2013 - 12:30 Uhr
Sprache: Deutsch
News-ID 302514
Anzahl Zeichen: 0
contact information:
Town:
SEATTLE, WASHINGTON
Kategorie:
Commercial & Investment Banking
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