With more than $350 billion in assets, affluent investors unhappy with their current employer-sponsored retirement plans have no misgivings about moving their funds elsewhere.

Cogent Research revealed that discovery in its "Investors in Action" report. The data showed that of the 25% of affluent Americans who have assets sitting in former employers' retirement plans, about half (42%) said they are likely to roll over the assets into an IRA sometime within the next year. That group has approximately $350 billion in assets ready to shift.

Cogent defines the affluent as those with $100,000 or more in investable assets, excluding real estate. The firm's report surveyed more than 4,000 investors.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.