SOURCE: Spectrem Group

November 28, 2012 08:00 ET

Spectrem Affluent Investor Confidence Index (SAICI ®) Posts Largest Drop Since June 2011

Millionaire Investor Confidence Index (SMICI®) Falls 8 Points

CHICAGO, IL--(Marketwire - Nov 28, 2012) - Spectrem Group announced today that its Spectrem Affluent Investor Confidence Index (SAICI®) fell 11 points in November to -13, its lowest reading in one year, and the largest month-to-month drop since June 2011. The Spectrem Millionaire Investor Confidence Index (SMICI®) fell 8 points to -6, a three-month low.

The Indexes measure the investment confidence and outlook of households with $500,000 or more in net worth.

"This dramatic drop in Affluent confidence is a reflection of increasing concern over the looming fiscal cliff," said George H. Walper, Jr., President of Spectrem Group. "The fiscal cliff, coupled with the political climate, are the news stories that affluent investors tell us are most affecting their economic outlook."

This concern is further reflected in the Spectrem Affluent Household Outlook, a survey of attitudes toward financial factors that impact their daily lives. The Outlook fell in November to its lowest level since August 2011. Confidence in the economy took the biggest hit, dropping to its lowest reading since September 2011. Company Health fell to a more than eight-year low, while Household Assets dropped to its lowest reading in one year.

Additional insights from the indexes are available on Spectrem's Millionaire Corner website (www.millionairecorner.com). These include:

-- Affluent Investor Confidence Drops to Year Low

Index Historical Performance

    July, 2012   August, 2012   September, 2012   October, 2012   November, 2012
Spectrem Affluent Investor Confidence Index®  

-10
 

-10
 

-8
 

-2
 

-13
Spectrem Millionaire Investor Confidence Index®  

-7
 

-8
 

1
 

2
 

-6

Methodology

The Spectrem Affluent Investor Confidence Index (SAICI ®) is based on 250 monthly online interviews with the financial decision-makers in households with $500,000 or more in investable assets. The Index has a margin of error of plus or minus 6.2 percentage points. The Spectrem Millionaire Investor Confidence Index (SMICI ®) is based on a subset of the overall survey group.

About Spectrem Group
Spectrem Group is a strategic consulting firm specializing in the affluent and retirement markets, integrating proprietary research with expertise in building business, marketing and M&A strategies.

About Spectrem's Millionaire Corner
Spectrem's Millionaire Corner website (www.millionairecorner.com) is a powerful source for up-to-the-minute news and information for investors and offers investors the ability to search for a financial advisor.