Wealthy Turning to Independent Advisors . .

January 2004
Journal of Financial Planning;Jan2004, Vol. 17 Issue 1, p22
Academic Journal
The wealthiest households in the U.S. are shunning brokers and other captive advisors in favor of independent advisors who specialize in financial and tax planning, according to a report by the consulting firm Spectrem Group. The high net worth households are questioning the objectivity and performance of captive advisors. Half of the respondents said they use independent advisors because they believe their advice is more objective. A poll by U.S. Trust found wealthy Americans more worried than they were in 2003 about their financial security.


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