Going into 2014, female and young investors will be taking further control of their financial plans.
The migration from investment advisers may be the result of a new type of investor. According to a new report from Celent, the self-directed market grew 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 firm said.
The Boston-based research firm found that more women are also 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. Investors are also trading more frequently.
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