More than half of advised US investors over age 50 say their communication with their financial adviser has increased during this year’s market volatility, according to a survey by Janus Henderson Investors.
The survey, which focused on affluent US investors, found that two thirds (65%) of those it surveyed had a full-service adviser, with 54% of those saying their communication with their adviser has increased since April’s tariff announcements.
However, the survey also found that US investors have been panicked about market swings, with a third saying they have reduced their spending amid concerns about the volatility, while a quarter (25%) said they had delayed a major purchase.
Meanwhile, almost three quarters (73%) said they are concerned that the volatility has impacted their ability to generate income in retirement, and 57% said they are now holding a year or more of expenses in cash for their peace of mind.
Matt Sommer, head of specialist consulting group at Janus Henderson, said: “The market correction in April 2025 was jarring for many investors, with the S&P 500 Index dropping nearly 19% over a short period.
“The rapid fluctuations markets have experienced so far this year reinforce advisors’ critical role in helping clients stick to a plan and manage their emotions to avoid untimely investment decisions.
“Peace of mind is clearly important, as evidenced by most respondents having a year’s worth of expenses or more parked in cash,” he added.
