Working out of 401(k) Advisors’
new Cincinnati office, Morris will deliver plan
benchmarking, vendor search work and investment consulting services and support
to existing plan sponsor clients while advocating ongoing fiduciary best
practices.
A graduate of Xavier University, Morris holds
designations as Accredited Investment Fiduciary and Chartered Retirement Plan
Specialist. Morris was recognized in “Who the Best Advisers Are” in PLANSPONSOR magazine, a sister
publication of PLANADVISER.
One
in three investors said they are less willing to take on risk, and many regret
pre-recession financial decisions, a TD Ameritrade Investor poll found.
The current
economic climate has curbed many investors’ appetites for risk, according to a survey released by TD Ameritrade Holding
Corporation.
When asked
what, if any, changes they made to the way they’ve invested in the markets over
the past six months, about a third of investors surveyed (34%) said they had
taken on less risk, compared with 22% who answered the same just three months
ago.
Optimism
about investing conditions in the stock market is dropping. For a three-month
outlook, 47% of those surveyed called their outlook optimistic, compared with
66% who said the same in April.
Investors
expressed regret over the way they managed their money in the past. If they
could push back the clock to before the recession of 2008-09, many investors said
they would have managed their money differently. Some would have spent less and
saved more (71%); others said they would have lived within their means (65%);
other investors said they would have taken more personal responsibility for
managing their money (60%).
In a
possible attempt to ease regrets, investors continued to feed their retirement
accounts. Most said they contributed the same amount as usual or more to their
IRA over the past six months (86%).
Retail
investors are uneasy about the slow economic recovery, and the ramifications of
the European debt crisis on global and domestic economies, according to Tom
Bradley, president of retail distribution, TD Ameritrade. “Despite the bearish
sentiment, our clients continue to monitor accounts at levels similar to last
year, but they’re waiting for a little more clarity on key issues before they
completely engage, “Bradley said.
The survey
was conducted online by Research Now on behalf of TD Ameritrade from June 27 to July 9. The participants were 1,035 investors
who offered their views on economic conditions and outlook for the market in
general. Investors have at least $10,000 in investable assets, own securities
in brokerage accounts, are 18 years or older, are involved in managing their
portfolios, and have traded securities at least once in the past 12 months.