Jupiter: U.S. consumers moving investments online

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By 2005, roughly one-third of all U.S. households' stock assets will be invested using online transactions, according to Jupiter Research. The U.S. online asset market is expected to exceed $5 trillion by that date, with a majority of those assets belonging to households earning more than $100,000 per year. The research suggests financial institutions should integrate advisory and discretionary services into their core, customer relationship management strategies, Jupiter reported. Approximately 13.1 million U.S. households will use the Internet for banking transactions by the end of this year, with that number growing to $43.5 million by 2005.

Copyright October 2000, Crain Communications Inc.

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