Young Millionaires Skeptical of Need for Advisors
08/18/2010 0 comments
Pamela J. Black on BankInvestmentConsultant.com reported that
"Young millionaires doubt the value of financial advisors, according to Spectrem Group.
According to the Chicago-based company’s monthly newsletter, millionaires under the age of 45 say that they prefer self-directed investing and they find the services of a professional advisor to be too expensive.
...
Spectrem recommended that advisors do three things to attract younger millionaires: Provide information about both high- and low-risk investments since young millionaires want to protect their wealth and grow it; invest in online applications; and provide in-depth technical information in articles on your website."
It is not surprising to us to read such a report: for persons who have time and skills to learn and manage, MyPlanIQ strives to provide wealth of information and an effective system to bridge the existing gap. However, some advisors do provide value added in terms of personal tailored information and advice.
labels:investment,
comments
0
Or Start FREE 30-day trial now >>
