No major US investment firm has used social technologies like discussion boards to build an open investor community. But social media adoption is galloping forward, especially among online traders and young investors. In fact, the client base at most major investment firms is more engaged with social media than US online adults on average. Investment firms that ignore this groundswell risk losing investor attention — and, over time, assets — to firms that do figure out how to incorporate social media into their prospect and client strategies. To get moving, we recommend that firms start small to gain confidence and establish sensible corporate policies even in the absence of guidance from regulators.
TABLE OF CONTENTS
Major Investment Firms Move Tentatively Into Social Applications
Investment Firms Can't Afford To Continue To Neglect Social Media
RECOMMENDATIONS
It's Time To Get Moving On Social Media
Supplemental Material
Related Research Documents
This is an excerpt
Buy Risk-Free
Price: US $499
Our Service Guarantee: If you are not completely satisfied with this document, notify Forrester within 24 hours of purchase for a full refund.
Already a Forrester Client? Log in to read this document.