Clients Becoming Less Conservative?…

March 2001
Journal of Financial Planning;Mar2001, Vol. 14 Issue 3, p24
Academic Journal
This article presents the results of a worldwide poll conducted by Arthur Andersen on the preferences of financial clients. The company surveyed asset managers and individuals with investable assets of $1 million or more, and found a greater tolerance for risk and a growing desire for wealth creation rather than preservation. In search of higher returns, these investors are moving toward pooled investments such as hedge funds. Arthur Andersen estimates ten million high-net-worth individuals worldwide, controlling $25.5 trillion in assets. Five million live in the U.S.


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