What do high net worth investors really want from their financial advisors? A lot, according to Millionaire Corner research that shows high net worth investors have very specific financial needs and desires.
A recent study by Millionaire Corner revealed that 57 percent of the high net worth – those with investable assets of $5 million to $25 million - consult with a financial professional to some degree. The vast majority (80 percent) are satisfied overall with their advisor, giving higher satisfaction ratings than less affluent investors. About two-thirds of investors with a net worth of $100,000 to $1 million report being satisfied with their advisors.
High net worth investors take selecting an advisor very seriously, and put the highest premium on honesty and trustworthiness (99 percent). The investment track record of an advisor is important to 93 percent of Ultra High Net Worth investors, as is transparency.
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