New insights paint a rich mosaic of how different investors use their smartphones
E*TRADE Financial Corporation (NASDAQ: ETFC) today released insights on mobile investing from the most recent wave of StreetWise, E*TRADE's quarterly tracking study of experienced investors. The following insights pertain to smartphones - not tablets.
When managing personal finances, experienced investors most commonly use their smartphone to check stock quotes – the top selection at 38 percent. The second most common mobile activity is monitoring their investments, at 32 percent, which stands to reason as 55 percent of experienced investors check in on their portfolio once a week or more.
In peering below the surface, however, a more nuanced picture of the mobile investor emerges:
"Mobile investing is not a uniform activity - it means different things to different people," said John Matos, who oversees digital channels at E*TRADE Financial. "This is because the life of an investor is not static - on one hand, their investing and trading needs evolve as they enter different life stages. On the other hand, different generations are adapting to new technologies in new ways. Mobile investing today is about so much more than placing trades."
With respect to the future of mobile investing, Matos offered the following insights:
E*TRADE offers intuitive, hassle-free and seamless digital platforms backed by professional guidance. E*TRADE's mobile offerings include investing applications for popular devices, including iPhone®, iPad®, Android™ Phone and Tablet, Windows® Phone, and Kindle Fire Tablet and Amazon Fire Phone. Investors and traders use E*TRADE mobile apps to manage their accounts on the go, place stock, option, ETF and mutual fund trades, as well as access real-time quotes, news, charts and educational content anywhere.
For useful insight from E*TRADE and third-party investment professionals, follow the Company on Twitter, @ETRADE.
About E*TRADE Financial
E*TRADE Financial and its subsidiaries provide financial services including online brokerage and related banking products and services to retail investors. Specific business segments include Trading and Investing and Balance Sheet Management. Securities products and services, including bonds, equities, mutual funds and ETFs are offered by E*TRADE Securities LLC (Member FINRA/SIPC). Bank products and services are offered by E*TRADE Bank, a Federal savings bank, Member FDIC, or its subsidiaries and affiliates. More information is available at www.etrade.com.
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About ResearchNow
Research Now, a leading digital data collection provider, powers market research insights. They enable companies to listen to and interact with the world's consumers and business professionals through online panels, as well as mobile, digital and social media technologies. Their team operates in over 20 offices globally and is recognized as the market research industry's leader in client satisfaction. They foster a socially responsible culture by empowering their employees to give back. To find out more or begin a conversation, visit www.researchnow.com.
About the Survey
This wave of the survey was conducted from Sept. 29 to Oct. 6 of 2014 among an online U.S. sample of 925 self-directed active investors who manage at least $10,000 in an online brokerage account. The survey has a margin of error of ±3.6 percent at the 95 percent confidence level. It was fielded and administered by ResearchNow. The panel is 65 percent male and 35 percent female with an even distribution across online brokerages, geographic regions and age bands.
Important Notices
E*TRADE Financial, E*TRADE and the E*TRADE logo are trademarks or registered trademarks of E*TRADE Financial Corporation.
© 2014 E*TRADE Financial Corporation. All rights reserved.
E*TRADE Financial Corporation and ResearchNow are separate companies that are not affiliated. E*TRADE Financial Corporation engages ResearchNow to program, field and tabulate the study.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20141203005120/en/
E*TRADE Media Relations Thayer Fox, 646-521-4418 thayer.fox@etrade.com or E*TRADE Investor Relations Brett Goodman, 646-521-4406 brett.goodman@etrade.com