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November 26, 2014

Among affluent ethnic investors surveyed, Hispanics and Blacks express the most satisfaction with their financial advisors; affluent Asians, not as much. Three-fourths of surveyed Hispanics said they are satisfied with their advisor’s knowledge and expertise, compared with 63 percent of Blacks and 45 percent of Asians. What advice are these advisors giving their Affluent ethnic clients?



November 26, 2014

For many years, hedge funds have been employed by wealthier investors to earn greater return on investment and protect against the variables that exist in the stock market. But more investors now are taking advantage of hedge funds and alternative investments to build their portfolios.



November 26, 2014

For the second consecutive month, there was an increase in Affluent investors who, when asked how they would invest in the coming month, indicated they would hold on the sidelines, according to a monthly investment preferences survey conducted by Spectrem Group.



November 26, 2014

According to a new Spectrem Group survey of affluent investors. More than eight-in-ten Millionaires cite the political environment (84 percent) and government gridlock (85 percent) as their primary national concerns. The weeks following the midterm elections on Nov. 4 have borne this out.



November 19, 2014

Affluent investors, regardless of ethnic background, are generally confident in their financial knowledge and investment acumen. At least one-third of ethnic investors surveyed consider themselves self-directed, meaning they make all of their financial decisions without the benefit of a financial advisor.



November 19, 2014

Spectrem’s research on affluent African-American investors shows that they are younger on average than non-ethnic investors but older in general than Hispanic or Asian investors. Because of that, less of them are retired than in the non-ethnic community but more of them are retired than Hispanics or Asians.



November 19, 2014

Financial advisors often need to tailor their advice based on the investor’s age, gender, wealth level, and occupation and advisor dependency. They also need to consider the investors’ ethnic background.   



November 19, 2014

The goal of Spectrem’s research into ethnic investors is to inform advisors the differences based on cultural background in the investment decisions of potential or current clients. The report – Advisor Relationships and Changing Advice Requirements – concentrated on African-American, Hispanic and Asian investors and compared them to the general population of affluent investors.



November 12, 2014

On average, ultra high net worth investors manage about half of their assets without professional assistance, according to a new Spectrem study of households with a net worth between $5 million and $24.9 million (not including primary residence). The report, “Advisor Relationships and Changing Advice Requirements,” further finds these wealthy investors consult a professional advisor about one-third of their assets, but still make the final financial decisions themselves.



November 12, 2014

Spectrem’s Wealth Segmentation Series examines the relationship between an investor and an advisor in Advisor Relationships and Changing Advice Requirements, an extensive look at investors of different wealth segments, ages, genders, occupations and advisor dependency.

Among Ultra High Net Worth investors with a net worth between $5 million and $25 million, Fidelity was listed as the primary advisor for 10 percent, while Morgan Stanley was listed as the primary advisor for 9 percent of investors.



November 12, 2014

More than an investment track record, the company with which the financial advisor is affiliated, or even fees or commissions charged, honesty, trustworthiness and transparency are the most important factors in choosing a financial advisor. More than nine-in-ten affluen



November 12, 2014

The need of advisors to take into consideration the ethnic background of investors is perhaps most important when it comes to maintaining a level of satisfaction in the investor. Ethnic investors, especially Asian investors, currently indicate a lower level of satisfaction with their advisors than non-ethnic investors do.



Spectrem in the News