Raddon Chart of the Day November 6, 2012
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Transcript of Raddon Chart of the Day November 6, 2012
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayNovember 6, 2012
Purpose of Retirement Investment Portfolio
5%
7%
10%
16%
22%
0% 5% 10% 15% 20% 25%
Although Want Portfolio to Grow, Uncomfortable with Fluctuating Returns
Primary Interested in Growth and Less Concerned about Fluctuating Concerns
Sole Objective Is Maximum Growth over the Long Term
Balance Between Growth and Safety with Some Protection from Inflation
Safety of Capital/Funds Is First Priority
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayNovember 1, 2012
Likelihood to Take on Greater Risk in theNon-Retirement Investment Portfolio
2%
11%
31% 31%
19%
0%
5%
10%
15%
20%
25%
30%
35%
Extremely Likely
Very Likely Somewhat Likely
Not Very Likely Not at All Likely
Base: Households with Non-Retirement Investment Products
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 30, 2012
Purpose of Non-Retirement Investment Portfolio
4%
6%
6%
12%
17%
0% 2% 4% 6% 8% 10% 12% 14% 16% 18%
Although Want Portfolio to Grow, Uncomfortable with Fluctuating …
Sole Objective Is Maximum Growth over the Long Term
Primary Interested in Growth and Less Concerned about Fluctuating Concerns
Balance Between Growth and Safety with Some Protection from Inflation
Safety of Capital/Funds Is First Priority
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 25, 2012
Consumer Financial Needs or Goals
11%
13%
22%
22%
36%
39%
40%
41%
68%
0% 10% 20% 30% 40% 50% 60% 70% 80%
2nd Home Purchase (Retirement/Vacation)
Build Enough Money to Invest in Business
Pay College Tuition
Purchase a Home
Improve Credit Rating
Reduce Taxes on Savings and Investment Income
Regain Money That Was Lost in the Market Decline
Reduce the Amount Owed on Credit Cards/Loans
Have Additional Retirement Income
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 23, 2012
Attitude About Interest Rates on Insured Deposits
58%42%
Percent of All Households
Important to Shop Around
Not Worth Time to Compare Rates
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 18, 2012
Influence of a Rewards Program on a Customer Referral
34%
66%
Rewards Program Existence Influenced Recommendation
Rewards Program Existence Did Not Influence Recommendation
Base: Households That Made a PFI Recommendation and Received a Reward for the Referral
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 16, 2012
Most Households Were Not Rewarded ForRecommending Their PFI to Family/Friends
7% 4% 1%
88%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Yes, Both Parties Rewarded
Yes, I Received Reward
Yes, They Received Reward
No, Neither Rewarded
Base: Households That Made a PFI Recommendation
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 11, 2012
Primary Customers That Have RecommendedTheir PFI to Family Members and/or Friends
48%
37%
50%
70%
0%
10%
20%
30%
40%
50%
60%
70%
80%
All Households Big Bank Primary Customers
Other Bank Primary Customers
Credit Union Primary Members
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 9, 2012
Things That Consumers Have Put Off Given the Economy or Their Personal Financial Situation
37%
6%
3%
5%
11%
11%
14%
19%
27%
28%
0% 5% 10% 15% 20% 25% 30% 35% 40%
None of the Above
Other
Purchase a Second Home
Recreational Purchase
Buy a Used Car
Purchase a New Home
Buy Major Household Appliance
Buy a New Car
Do Some Home Improvements
Take a Vacation
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 4, 2012
Most Consumers Report That Their Job Situation Did NotPrevent Them From Applying For a Loan
15%
85%
Percent of All Households
Job Situation Prevented Applying for a Loan
Job Situation Did Not Prevent Applying for a Loan
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DayOctober 2, 2012
Wage Earners Employment Status
48%
14%
8%4%
26%
39%
18%13%
7%
23%
0%
10%
20%
30%
40%
50%
60%
Stably Employed Employed but Concerned
Unemployed Under Employed Retired
Primary Wage Earner's Employment Status
Secondary Wage Earner's Employment Status
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DaySeptember 27, 2012
Impact of the Economy on Consumers or an Immediate FamilyMember’s Employment Situation in the Past Two Years
25% 24%
16%15%
26%
20%
14% 13%
23%
19%
13%
18%
0%
5%
10%
15%
20%
25%
30%
Lost Job Reduced Hours/Pay Reduced Salary Benefits Reduced
Spring '11 Fall '11 Spring '12
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DaySeptember 25, 2012
Some Consumers Perceive That They Are SeeingSigns That the Economy is Improving
61%
21%
6%11%
69%
12%
5%
13%
57%
16%12%
15%
0%
10%
20%
30%
40%
50%
60%
70%
80%
See No Evidence the Recession Is Over
Just Begun to See Signs the Recession Is Ending
Definitely See Evidence Economy Is Improving
Not Sure
Spring '11 Fall '11 Spring '12
©2012 Open Solutions Inc. Raddon Financial Group (RFG) is a business unit of Open Solutions Inc. www.raddon.com | 800.827.3500
Source: Raddon Financial Group, National Consumer Research – Spring 2012
Raddon Chart of the DaySeptember 20, 2012
Consumer Perceptions of Their Personal Situation inthe Next Six Months in Comparison to Today
29%
53%
10%
21%
55%
15%16%
53%
21%20%
57%
14%
20%
59%
15%20%
59%
15%
0%
10%
20%
30%
40%
50%
60%
70%
Better Shape About the Same Worse Shape
Spring '07 Spring '08 Spring '09 Spring '10 Spring '11 Spring '12