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Retirement savings and investments have been two of the most important financial service vehicles for American consumers' futures in recent years. With this backdrop, policymakers and consumer educators need retirement [...]

This research provides an initial investigation of whether US retirement mutual fund providers complied with the Investment Company Advertising Rules (2003) adopted by the Securities and Exchange Commission (SEC). A content analysis was used to examine advertising disclosures presented in 953 retirement mutual fund magazine advertisements from 2004 to 2010 based on SEC's advertising guidance. The results suggest that during the given period, retirement mutual fund providers generally presented mandatory and triggered advertising disclosures, but paid less attention to the readability of advertising disclosures. Implications for regulators, consumer groups, and financial services marketers are discussed in light of financial literacy and consumer welfare. [ABSTRACT FROM AUTHOR]

This study investigates how messages, creative strategies and advertising disclosures utilized by US retirement financial services (RFS) providers changed in response to the recent economic crisis. A content analysis examines a total of 1819 RFS print advertisements published in six national magazines during the period 2005-2009. Three significant findings emerge: (1) the recession led to a change in the use of informational message strategies over transformational message strategies, (2) there were significant differences in the use of message and creative strategies during the five-year period, and (3) the RFS providers increasingly adhered to governmental advertising disclosure guidelines concerning consumer financial welfare. Implications for financial services advertisers and public policymakers are addressed. [ABSTRACT FROM AUTHOR]

Between 2005 and 2009 financial service organizations in the United States altered their advertising messages in response to changing economic conditions brought about by a sustained recession. This analysis of print magazine advertisements for banks, credit cards, investment firms, and insurance providers demonstrates that financial service advertisers shifted away from transformational approaches in favor of informational approaches. Credit card companies were slower to change their strategies than were bank, investment, and insurance companies. The results of this analysis support the argument that advertising serves the role of providing market information and that the nature of such information is determined by economic conditions. [ABSTRACT FROM AUTHOR]