Wells Fargo/Gallup Investor and Retirement study
When stockbroker Anil Jethmal was featured in the 1995 book, The Winner’s Circle II: How 10 Stockbrokers Became the Best in the Business, he saw his active accounts grow from about 150 to nearly 700. Anil Jethmal currently works as the senior vice president for a large financial services corporation specializing in investment banking, insurance, account protection, and wealth management.
According to the recently released Wells Fargo/Gallup Investor and Retirement study, optimism in the investment world is at a 16-year high that has not been seen since the heyday of the dot-com boom of 2000. One of the study’s features, an “optimism index,” rests at 126, very near 2000’s 130 mark. The optimism, according to InvestmentNews, is due to an overall positive feeling regarding current economic growth, as well as manageable unemployment and inflation rates.
Of every 10 investors who participated in the survey, six said now was a good time to invest. 78 percent of survey respondents reported that they were confident they would be able to support themselves during retirement, up nearly 10 percent from three years ago.
Despite the overall rise in optimism, many investors remained skeptical regarding taxes. Though 29 percent of the respondents expected their taxes to go down, 39 percent expected to pay a higher percentage of their income in taxes in the near future.
Anil Jethmal has more than 25 years of experience in the fields of investment and finance. Anil Jethmal prepared for his career by studying economics at Bowdoin College in Maine.
With a history dating back more than 200 years, Bowdoin College was chartered in 1794 and matriculated its first class in 1802, with just eight students enrolling. At the time the students met in Boston, and in 1804, James Bowdoin III decided to honor his father by endowing the school in the district of Maine, which was still a part of the Commonwealth of Massachusetts.
Over the years, Bowdoin College went on to educate some of the brightest writers in the country, including Henry Wadsworth Longfellow and Nathaniel Hawthorne, both of whom graduated in the class of 1825.
Today, Bowdoin College consistently ranks among the top 10 colleges in the nation, and it continues to offer a liberal arts education that challenges students intellectually and pushes them to take risks under the guidance of an accomplished faculty of artists and scholars.
Anil Jethmal is a financial professional with more than 25 years of experience as an investment broker. Featured in Simon and Schuster’s 1995 book The Winner’s Circle II: How 10 Stockbrokers Became the Best in the Business, Anil Jethmal uses meditation to sharpen his focus. He enjoys music such as Beethoven’s “Moonlight Sonata” to enhance the experience.
Beethoven composed “Moonlight Sonata” in 1801 for his pupil, 17-year-old Giuletta Guicciardi, a countess whom many believe Beethoven passionately loved. The piece’s original name was simply “Piano Sonata in C Minor op 27 no 2,” but it acquired its current name after the critic and poet Ludwig Rellstab compared the music to the image of a boat on Lake Lucerne on a moonlit night in 1832.
The sonata became one of Beethoven’s most popular pieces, although the composer considered it one of his lesser works. It remains very popular and has inspired modern songs, including John Lennon’s “Because” and Glasvegas’ “Stabbed.”
A Bowdoin College graduate, Anil Jethmal provides investment services to a number of affluent private individuals. As a private wealth management consultant, Anil Jethmal is responsible for meeting his client’s specific goals by delivering a wide range of financial products and services. The ability to recognize current challenges and opportunities in the investment field is key to achieving these financial targets.
In a survey conducted by Capital Group, more than 400 financial advisors were asked to answer questions about what they consider to be the biggest issues and opportunities facing their companies. When asked about the biggest challenge they’re facing, the number one response, by a huge margin, was client issues, some of whom are anxious about the future and others with unrealistic expectations. The new fiduciary standard rule from the Department of Labor and market volatility were the second and third most common answers, respectively.
When asked about their biggest opportunities, advisors again pointed to clients. They see value in developing business relationships with new clients, including millennials, female investors, and young families. The participants also saw opportunity in the need for financial planning services, allowing them to expand their services and grow their businesses.