SOURCE: Spectrem Group

September 28, 2011 08:01 ET

Spectrem Millionaire Investor Confidence Index (SMICI (SM)) Posts 4th Consecutive Decline in September

Falls 1 Point to -10, Lowest Level in More Than a Year; Spectrem Affluent Investor Confidence Index (SAICI (SM)) Gains 2 Points to -16

CHICAGO, IL--(Marketwire - Sep 28, 2011) - Spectrem Group announced today that its Spectrem Millionaire Investor Confidence Index (SMICI(SM)) fell 1 point in September to -10 for its fourth-consecutive monthly decline.

The September decline, which followed a 4-point drop in August 2011, brings the index to its lowest level since August 2010, when it stood at -18. The millionaire index remains in neutral territory.

Meanwhile, the Spectrem Affluent Investor Confidence Index (SAICI (SM)), which measures the investment confidence and outlook of households with $500,000 or more in investable assets, gained 2 points in September to -16, which is mildly bearish.

"Millionaires' investment confidence fell again in September, further extending a decline that began back in June 2011. The broader affluent population posted a small gain in confidence during the month, but it remains in mildly bearish territory. Importantly, both groups were heavily focused on the economy in September, suggesting that continued uncertain economic news will bode poorly for their investment confidence as we move further into the fall," said George H. Walper, Jr., President of Spectrem Group.

The September data were gathered prior to both the stock market sell-off the week beginning Sept. 19 and the announcement of a Federal Reserve plan to stimulate the economy by buying $400 billion in long-term Treasury securities.

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

In response to an open-ended question about the most serious threat to achieving their household financial goals, affluent investors in September cited: the economy (39%); the political climate (21%); market conditions (11%); inflation (7%); unemployment (5%); and health-related issues (2%). Those citing the economy rose from 35% in June 2011, the last time this question was asked, while those citing the political climate rose from 14%.

Millionaires were less focused on the economy (35%) and the political climate (14%) than the affluent.

Historical Performance

April May June July August September
Spectrem Affluent Investor Confidence Index(SM) -7 2 -9 -9 -18 -16
Spectrem Millionaire Investor Confidence Index(SM) -1 1 -1 -5 -9 -10

Methodology

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

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, about investors designed to fuel financial growth. It incorporates Spectrem Group research as well as outside information. In the future, the site will offer financial advisor referrals.

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. Its professionals have held senior management positions at leading global companies.

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