TITLE

Battling for the Ultra Affluent…

PUB. DATE
May 2001
SOURCE
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p23
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article presents facts about wealthy households in the U.S. as of May 2001. It was learned that there is a fierce turf battle among financial advisors, including private banks and securities firms, for the ultra-affluent customers. Affluent customers are those with at least $5 million to invest excluding 401(k) accounts and stock options. It was found that 590,000 U.S. households have a net worth over $5 million compared with 90,000 in 1994. Over the past 30 years, banks have lost 55 percent of their customers' assets to securities firms. Today's wealthy are said to be younger, more ethnically diverse and more likely to have earned rather than inherited wealth. They fear losing their money because they have seen others lose it as fast as they made it.
ACCESSION #
4459858

 

Related Articles

  • Millionaires Value Independent Advisors….  // Journal of Financial Planning;Jun2007, Vol. 20 Issue 6, p14 

    The article discusses a survey by Fidelity Registered Investment Advisor Group that reveals that although only one-fifth of millionaires use independent financial advisors, more than half of that demographic's investable assets are with independent advisors. Wealthy people surveyed stated that...

  • Day Hagan Financial.  // Sarasota Magazine;Jan2007, Vol. 29 Issue 4, p129 

    The article discusses Day Hagan Financial firm that deals with wealth management. The company is a private firm and specializes in client and product-centric approach that yields good returns on investment. Personal details and experiences of the firm's director Linda Brown and partners are...

  • ELITE ADVISOR. Bowen Jr., John J. // Financial Planning;Jan2010, Vol. 40 Issue 1, p23 

    The author urges financial planning practitioners to enhance their services by going beyond investments and providing more value to their clients. He says that advisors should address non-investment related issues which their clients are concerned with including protection, enhancement and...

  • Wealth Management Beliefs. Levin, Ross // Journal of Financial Planning;Aug2011, Vol. 24 Issue 8, p26 

    The article presents the author's beliefs on wealth management. He believes that wealth management involves putting and attitude in the sense that a financial advisor should be technically sound in order to deliver a good advice and attitude to believe in the clients in the long term even if the...

  • LIFE FOCUSED FINANCIAL PLANNING. Leo, David I. // Journal of Personal Finance;2007, Vol. 6 Issue 2/3, p13 

    Increasingly financial advisors are challenged, and encouraged, to marry what is known about a prospect's life wants and needs with financial data to show how the products or services offered will help the prospect achieve goals and objectives. This is money in the context of life rather than...

  • Collective Wisdom. Moisand, Dan // Journal of Financial Planning;Sep2008, Vol. 21 Issue 9, p36 

    The article discusses accountability and governance within the financial planning community in 2008. The author indicates that a regulatory regimen is needed for financial planners. Topics include situations that are legal but not in the best interest of the individual, clients put in situations...

  • Lebenthal Launches Magazine for Female Advisors. Coen, Andrew // Financial-planning.com;9/23/2014, p1 

    The firm's new wealth management arm hopes Sayra will become the voice for women in the industry.

  • Planning Profession Good in Bad Times...  // Journal of Financial Planning;Aug2008, Vol. 21 Issue 8, p12 

    The article discusses an expected growth in the number of financial planners in the U.S. According to the article, it is expected that there will be a 41% growth in the number of financial planners from 2008 through 2016. Reasons given in the article for the anticipated growth of financial...

  • The Right Collar. McGee, Suzanne // Financial Planning;Mar2007, Vol. 37 Issue 3, p57 

    The article discusses how financial planners maintain an equity-rich portfolio for risk-averse clients. Equity derivatives such as equity collars offered by investment barks to high-net-worth investors can be a protection for clients. Clients are ensured to only lose a predetermined amount on a...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics