MONTREAL, Feb. 6, 2014 /CNW Telbec/ -
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28% of Quebec investors do some or all of their investing through a
direct brokerage institution. Five years from now, this percentage is
expected to climb to 35% of respondents surveyed.
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80% of self-directed investors are considered "hybrid," i.e., they
manage part of their assets themselves and entrust another portion to a
professional.
Based on a survey conducted for National Bank Direct Brokerage,
do-it-yourself investing is more popular than ever! More than a quarter
of Quebec investors (28%) manage all or part of their assets
themselves. Five years from now, this percentage is expected to climb
to 35% of Quebec investors.
This percentage is even higher among 18-34 year olds as more than a
third (38%) of Quebec investors in this age group invest independently.
In addition, nearly half of these individuals (47%) expect to be
managing their assets themselves five years from now.
Over half of self-directed investors (56%) started less than 5 years
ago: an indication that it is not just active traders who are
interested in direct brokerage, but also investors who are looking for
more control, independence and freedom. Furthermore, independent
investing does not appear to be a passing fad: 76% of self-directed
investors plan to maintain or increase their level of do-it-yourself
investing over the next 5 years.
The vast majority of self-directed investors want to continue doing
business with a financial professional as well. Survey results also
show that 80% of self-directed investors are considered "hybrid," i.e.,
they manage part of their assets themselves and entrust the other part
to a professional.
According to the study, the most important thing for self-directed
investors is to stay informed. Almost all do-it-yourself investors
(96%) consult several sources of information before investing. These
sources include:
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Financial websites (consulted by 54% of self-directed investors)
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Financial advisors (consulted by 37% of self-directed investors)
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Newspapers, magazines and other publications (consulted by 34% of
self-directed investors)
The results of this report stem from an online survey fielded by Extract
Recherche Marketing between October 18 and November 4, 2013, with a
sample of 1,184 Quebec residents 18 years and older. Overall results
for a probability sample of this size would be accurate +/- 2.8 %, 19
times out of 20.
About National Bank Direct Brokerage
National Bank Direct Brokerage is a wholly owned subsidiary of National
Bank of Canada. National Bank Direct Brokerage Inc. offers no advice
and gives no investment recommendations. The client alone is
responsible for the financial and tax consequences of his or her
investment decisions. National Bank Direct Brokerage is a member of the
Canadian Investor Protection Fund.
About National Bank of Canada
With $188 billion in assets as at October 31, 2013, National Bank of
Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest
banks in the world by Bloomberg Markets magazine. The Bank has close to
20,000 employees and is widely recognized as a top employer. Its
securities are listed on the Toronto Stock Exchange (TSX: NA). Follow
the Bank's activities via social media and learn more about its
extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE National Bank of Canada
