Investor Understanding of Broker Account Statements

Investor Understanding of Broker Account Statements Findings from a Survey

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Report Home How well are experienced investors with full-service brokerage accounts able to understand and interpret the account statements they typically receive? In general, many do not understand much of the basic information provided in such statements, and may thus not be able to fully appreciate the gains and losses occurring in their accounts. The study also sought to determine the ease of use of such statements. Its findings suggest that Broker account statements need to be simplified and written in an easy-to-read style with a minimum of financial jargon, and Investors need to become more educated about the contents of broker account statements and how to interpret them. The findings are based on telephone interviews with 314 investors conducted by NFO Research, Inc. between May and July 1999. The survey was prepared and its results interpreted by Jane Takeuchi and Teresa Keenan of AARP Research and Laura Polacheck of AARP Legislation and Public Policy. (21 pages) Cancel You are leaving AARP.org and going to the website of our trusted provider. The provider’s terms, conditions and policies apply. Please return to AARP.org to learn more about other benefits. Your email address is now confirmed. You'll start receiving the latest news, benefits, events, and programs related to AARP's mission to empower people to choose how they live as they age. You can also by updating your account at anytime. You will be asked to register or log in. Cancel Offer Details Disclosures

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