Hearts & Wallets: The source for retail investor data & insights
  • How We Help
  • Products
    Reports
    Trends™ Subscriber Briefings
    IQ™ Dataminer
    EQ™ Vault
    Inside Advice® Benchmarking
  • News
    In the News
    Press Releases
    Podcasts
  • About
  • Sign up
  • Log in
  • Contact


SEGMENTATION: THE KEY TO REVEALING HIDDEN NUANCES

Consumers might seem to have the same problem. So does that mean they all need the same solution? Segmentation can reveal very different needs of consumers that can drive messaging and solutions. Here’s how it works.

Consumers may say, “I have a water problem.” Seems pretty clear cut, right? Now, let’s segment those consumers based on where they live. One group lives in a desert. Another group lives in a seismic coastal zone and fear devastating tsunamis. The third group lives on houseboats surrounded by salt water and has to pay high fees for fresh water. Based on these characteristics, does it seem like the consumers all have the same "water problem"?

This simplistic example demonstrates how grouping people who share characteristics empowers innovators to envision solutions to problems. The first group clearly needs an irrigation system. The second needs a tsunami warning system. And the third group needs a desalination system. Yet, they all say they have a "water problem." 

Effective segmentation starts with potential solutions in mind. Group design and moderation are structured to probe possibilities, informed from experience in listening to consumers and industry knowledge. The golden nuggets of insights into similar groups of consumers that result can springboard strategy, product design and the way you talk to consumers.

The Explore Edge

Explore segmentations are inspired by the topics. After meeting precise recruiting requirements, Explore Qualitative™ Research participants are placed in homogenous behavioral and/or attitudinal groups. This laboratory setting approach enables research to better identify differences across groups. While segmenting is common practice in consumer marketing, it is relatively new to saving and investing. This approach can illuminate important nuances in consumer segments and result in a deeper understanding of the topics of the future and even breakaway insights. 

For example, when visionary senior executives were just starting to wonder why consumer reluctance to tap prudently into capital during retirement is so strong, even though 401(k)s originated with this in mind, we went beyond the traditional drawdown fund solutions, using segmentation to reveal real consumer needs. Our segmentation asked: What makes “spender” retirees different than “frugal” or “calculators?” Do “parents” feel differently than “child-free” people? Do parents who have a strong legacy motive feel differently than parents who don’t? How might design, pricing and delivery of investment products and advice evolve to address these groups separately?


PRESS IN THE NEWS Privacy Policy Terms of Use ABOUT CONTACT US Subscriber Login
Email LinkedIn Twitter
© 2025 HEARTS & WALLETS, LLC. ALL RIGHTS RESERVED
Log In

Forgot Password?
Change or reset your password.

Not a subscriber? Get more info
Learn more about Hearts & Wallets
We'll never share your email with anyone else.
We'll never share your phone number with anyone else.

Already a Hearts & Wallets Trends™ Subscriber? Log in
Reminder

Hearts & Wallets reports and research are for internal use only. Reports, wording of survey questions, structure of fields and data points are the property of Hearts & Wallets and are protected by copyright. Access to them is provided to you for internal strategic use only, and they cannot be used outside of your company without written consent from Hearts & Wallets LLC. Please contact Client Success to add more users for internal strategic access or to inquire about flexible options for licensing content for external use.

By clicking “I Agree”, you agree to our terms of use and that you have read our privacy policy.

Reminder

Hearts & Wallets reports and research are for internal use only. Reports, wording of survey questions, structure of fields and data points are the property of Hearts & Wallets and are protected by copyright. Access to them is provided to you for internal strategic use only, and they cannot be used outside of your company without written consent from Hearts & Wallets LLC. Please contact Client Success to add more users for internal strategic access or to inquire about flexible options for licensing content for external use.

By clicking “I Agree”, you agree to our terms of use and that you have read our privacy policy.

Inquire

/var/www/private/templates/end_page.php on line 208

Warning: Trying to access array offset on value of type null in /var/www/private/templates/end_page.php on line 208
"> /var/www/private/templates/end_page.php on line 209

Warning: Trying to access array offset on value of type null in /var/www/private/templates/end_page.php on line 209
"> /var/www/private/templates/end_page.php on line 210

Warning: Trying to access array offset on value of type null in /var/www/private/templates/end_page.php on line 210
">
Feedback and Questions about this page

Got feedback for us? Have a question? Found a bug?

Let us know how to make this better for you!

A message is required