|[January 17, 2013]
UBS Investor Watch Indicates Increasing Investor Confidence Despite Concerns Around Washington, Affordable Long-Term Care
NEW YORK --(Business Wire)--
Wealth Management Americas today released its second UBS Investor
Watch report providing insights on core affluent and high net
worth investor sentiment. The survey shows that, despite being
increasingly concerned about the political environment in Washington and
their personal ability to afford long-term care, investors are feeling
better about their own financial situation. UBS
Investor Watch indicates that long-term care concerns have
surpassed retirement issues as the most critical of investors' personal
finance worries for the future. Still, investor
confidence in their personal financial situations was at higher levels
in January than before the U.S. elections.
"The continued uncertainty in Washington is having a tremendous effect
on investors," said Paula Polito, Client Strategy Officer of UBS WMA.
"Today, we are seeing long-term care trump retirement as investors'
number one personal concern. The need for advice is even more critical
in this environment."
Highlights from the January 2013 UBS Investor Watch report
The political environment in Washington caps investors' list of top
concerns: Three in four investors (76%) are worried about the
political environment in Wshington, with 60% stating they are
dissatisfied with the recent Congressional agreement to avert the
Government "kicking the can" impacts willingness to invest, return
expectations and long-term outlook: 60% of investors are
dissatisfied with the fiscal cliff agreement, and 90% feel the deal
did not do enough to address the national debt problem. With that in
mind, investors indicated a decline in long-term economic optimism,
and they are continuing to adopt a wait-and-see mindset toward
investing as Washington works through outstanding fiscal cliff issues.
Long-term care trumps retirement as biggest personal concern: The
ability to afford healthcare/support in old age is the top concern
among investors, with 26% agreeing it's their main worry versus 14%
who said having enough money for retirement was their primary fear.
Nearly three in four investors (73%) listed "staying healthy / fit"
among their top three objectives, versus one in four (26%) who said
the ability to retire when and how they want is a top-three goal.
However, investors feel more confident about their own financial
situation than three months ago: 56% of investors say they feel
"very good" or "excellent" about their financial situation, compared
with 44% as indicated in the October
2012 Investor Watch report. And investors who consistently
follow their own financial plan feel markedly better about their
finances, with 73% saying they feel "excellent" and "very good."
Finally, investors believe that advice is central to achieving
goals in this environment: Overall, 68% say receiving good advice
is highly important to achieving their goals. And in particular,
relating to recent events - post-election and prior to the fiscal
cliff - investors were twice as likely to take action if they spoke
with their advisors about these topics. Among investors who sought
advice about the election, 76% were highly satisfied with the advice
The UBS Investor Watch survey was conducted among 2,056
investors, including current UBS clients. Investor Watch will
continue to track overall investor objectives and concerns toward U.S.
economic factors, as well as geopolitical events, each quarter. To
download a copy of the January 2013 UBS Investor Watch report,
Notes to Editors
About UBS Wealth Management Americas
UBS Wealth Management Americas provides advice-based relationships
through financial advisors who deliver a fully integrated set of
products and services specifically designed to address the needs of
ultra-high net worth, high net worth and core affluent individuals and
families. It includes the Wealth Management US business, the domestic
Canadian business and the international business booked in the United
UBS draws on its 150-year heritage to serve private, institutional and
corporate clients worldwide, as well as retail clients in Switzerland.
Its business strategy is centered on its pre-eminent global wealth
management businesses and its universal bank in Switzerland. Together
with a client-focused Investment Bank and a strong, well-diversified
Global Asset Management business, UBS will expand its premier wealth
management franchise and drive further growth across the Group.
UBS is present in all major financial centers worldwide. It has offices
in more than 50 countries, with about 35% of its employees working in
the Americas, 36% in Switzerland, 17% in the rest of Europe, the Middle
East and Africa and 12% in Asia Pacific. UBS employs about 64,000 people
around the world. Its shares are listed on the SIX Swiss Exchange and
the New York Stock Exchange (NYSE).
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