As we enter 2015, the S&P 500 is likely to be up over the last year (up 10 percent as of Dec. 11, 2014). Accordingly, affluent investors are more optimistic about their family’s financial situation despite concerns about taxes, health care and all the political gridlock in Washington.
Between 50 and 60 percent of affluent individuals tell us they have a primary financial advisor. That’s a lot of assets being held away from advisors. And the majority of today’s affluent report having no official wealth transfer plan in place and no provision for long-term care.
Yet affluent investors would prefer to have one primary financial advisor who oversees the multi-dimensional aspects of their family’s financial affairs, according to Oechsli Institute research.
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