May 29, 2015 Affluent Investor Fact: Attitudes of Self-Directed Investors
Did you know that eighty percent of wealthy investors that define themselves as “Self-Directed” think they can do a better job of investing than a professional advisor?
About 20 percent of investors who are currently “Self-Directed” (which is about 35 percent of all investors) remain that way because they do not believe that they can afford an advisor. Unlike the 80 percent who like to be involved in the day-to-day management of their accounts, those who feel they can’t afford an advisor are not necessarily even that interested in investments.
Additionally, most of the Self-Directed are more likely to believe that the fees for financial advisors are high when compared to other investors.
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