The search for the most reliable financial brands in America begins now, as the stock market crash heralds a bear market in confidence.
Forget about bottlenecks in the supply chain. Is confidence in US financial institutions also low, or have they withstood these trying times?
This is the question MarketWatch will aim to answer as it partners with Investor’s Business Daily to identify which banks, brokers, wealth managers, insurance companies, finance and investment firms and credit card operators score the highest in trustworthiness.
Working with IBD’s sister publications to find the 25 most trusted financial companies is a first on MarketWatch.
However, IBD’s Most Trusted List debuted in 2020 to help consumers decide where to go for financial products and services, a mission that aligns with MarketWatch’s goal of providing tools and services to the masses that help democratize access to financial services. and understand it. markets.
This year, we’ll ask which companies rank first in eight trust attributes — up from five in 2021 — that customers said they considered the most important in the initial phase of this survey among thousands of consumers.
Quality of products and services
Ethical business practices and values
Commitment to protect the privacy and security of personal data
Company service / treatment of others
Fair prices/fees for products and services
Sensitivity to customer needs in the current economic and financial climate (inflation, stock market, etc.)
Innovating processes and offerings
treatment of employees
In 2021, Cathie Wood’s ARK Invest ranked 24th overall on the list, but fund company ARKK’s flagship stock exchange Ark Innovation Fund,
It’s down more than 50% in 2022, as speculative assets take their chin, amid a new regime of strong inflation and rising interest rates.
This year’s survey comes as the S&P 500 SPX,
and the Dow Jones Industrial Average DJIA,
Its worst first-half performance has been skyrocketing in more than 50 years, and it’s only recently that the cryptocurrency markets have broken up in a big way.
Michael Novogratz, Galaxy Digital GLXY,
It’s not just a bear market in the traditional sense — but also a “bear market in confidence,” said the founder and former banker at Goldman Sachs, in a recent interview, referring to what he believes is sentiment among investors.
We will publish results and details regarding this year’s methodology on August 29th, so please participate in the survey here.
TechnoMetrica Market Intelligence assists with the survey.