US Retirement Market Totals over $24 Trillion and Generates $183 Billion in Revenue for Financial Services Firms, According to New Novarica Special Report
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NEW YORK--(Business Wire)-- While the US Retirement Market is twice as big as the USA`s annual GDP and generates $183 billion in annual revenue for financial services firms, few market participants have a clear picture of the total value chain and who captures most of the revenues, says a new special report published today by Novarica, the research division of Novantas LLC.. The special report, US Retirement Market Analysis: Pinpointing Opportunities Amid The Carnage, is based on proprietary research by several Novantas managing directors and finds that distribution, not manufacturing is capturing the lion`s share of the revenue in the US retirement market, but that most of the available assets are already in the system. "What was surprising for us was that the majority of retirement assets are for the most part self-directed by individuals, most likely now on a sub-optimized basis given the huge hit they have just taken because of the crisis," notes Alistair Jessiman, a managing director at Novantas and co-author of the special report. "Some of the insights from this study will be a big surprise for both investment distributors and manufacturers, causing them to reconsider their strategic priorities," notes co-author Wayne Cutler, also a managing director at Novantas. Jessiman and Cutler will present and discuss the findings of the report on a free webinar to be held on May 27 at 2 pm EDT. To register for the webinar, visit https://www1.gotomeeting.com/register/721966001. A free abstract of the 19-page special report is available at www.novarica.com/specialreports/. The full report may be ordered for $2,750. About Novarica Special Reports Novarica, a division of Novantas LLC, provides information, insights, and perspective on markets, operations, and technology to financial services and insurance executives. Novarica Special Reports present research and analysis conducted by leading industry experts, including Novantas managing directors and others. More information online at www.novarica.com. Novarica Press: Public Relations Edward VanEckert, 212-419-2525 Copyright Business Wire 2009
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