- 54% of all respondents prefer to pick and choose specific areas for which they will pay for advice, while 46% prefer to pay one fee for advice that addresses their entire portfolio.
- 52% want a solution that has worked successfully for other people like themselves, while 48% want an investment professional who provides a custom solution for their unique situations.
- 53% want to work with an investment professional who makes changes to their portfolios when they are needed -- based on the market and their needs -- while 47% prefer someone who lets them know when they should consider making changes to their portfolio, along with the rationale for those changes.
- 72% say they just want someone who can answer simple questions about investment choices, and a similar number (70%) say they want to have access to a team of professional advisors with expertise in taxes and legal issues such as trusts and wills.
- Half of the respondents said they feel investing is a chore, and only 11% identify themselves as advanced investors. More than two-thirds feel they have intermediate skills in investing while 21% identify themselves as having beginner skills.
- While receiving advice and guidance from an advisor, most (59%) say they make all of their own decisions, while 38% preferred someone to make investment decisions for them "without getting very involved."
Wealthy Seek Holistic Advice --Yet Current Advisor Handles Less than Half of their Assets
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