An increase in the number of active traders and consumers wanting more control over their investments led to more growth in the self-directed market in 2012.
According to a new report from Celent, the self-directed market, which mainly consists of online brokerages, grew by 5% last year. By 2014, active investors and active traders will make up 43% and 6% of the total U.S. self-directed market, respectively, the research and analysis firm said.
The Boston-based Celent also found that more women are opening self-directed accounts. While the active trader segment will remain male-dominated, by 2015, females will approach 12-15% of active trader accounts, the report noted.
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