Data Overview Report

US Investors Adopt eStatements

But A Majority Of Investors Still Receive Paper Statements

Bill Doyle
 and  two contributors
Apr 01, 2008

Summary

The adoption of eStatements for financial products in the US continues to grow. More than half of US online consumers with a brokerage account receive an eStatement. But even among investors who have signed up for electronic statements, a wide majority continue to receive a paper version, as well. The top reason why investors don't adopt eStatements? They feel that they need paper for their records. Many holdouts report a willingness to switch if firms offer a combination of financial incentives and help with record-keeping alternatives.

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