SOURCE: Spectrem Group

Spectrem Group

September 30, 2014 08:00 ET

Spectrem Affluent Investor Confidence Index Surges to Eight-Year High

CHICAGO, IL--(Marketwired - Sep 30, 2014) - The Spectrem Affluent Investor Confidence Index (SAICI®) surged in September to its highest reading since February 2006, the Spectrem Group announced Tuesday. The SAICI gained eight points to 13, the biggest month-to-month increase since last March. The Spectrem Millionaire Investor Confidence Index (SMICI®) gained 6 points to 19, a 12-month high.

The indices, compiled by Spectrem Group -- a market research and consulting firm specializing in the affluent and retirement markets, measure the investment confidence and outlook of households with more than $500,000 of investable assets and more than $1 million of investable assets, respectively.

The September indices indicate a more confident investment mindset among Affluent investors. "Affluent investors report being anxious to emerge from the sidelines and re-engage in the market," said George H. Walper, Jr., president of Spectrem Group. "Millionaires, especially, are expressing more confidence in the economy than they have in the past year."

The Spectrem Affluent Household Outlook, another measure of Affluent investor confidence, posted in September its highest reading since April 2007. The increase was driven by Millionaire households who reported a significant increase of confidence in the economy.

Click below for additional Indices insights:

                     
    May,
2014
  June,
2014
  July,
2014
  August,
2014
  September,
2014
Spectrem Affluent Investor Confidence Index®   9    11    5    5   13
Spectrem Millionaire Investor Confidence Index®    14    16    12   13   19
                     

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 (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

About Millionaire Corner: Spectrem's Millionaire Corner website (www.millionairecorner.com) provides information for investors about investors. With its Best Financial Advisors service, investors are able to search for financial and investment advisors to assist in growing their wealth.

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