Not all ultra-high-net-worth investors are alike. Doctors, lawyers, accountants and other professionals have a unique approach to investing, according to a new study by Spectrem.
The study of investor behaviors and attitudes includes segmentation of investors by occupation, and compares professionals against business owners, managers and senior corporate executives. All have a net worth in the $5 million-to-$25 million range.
Sixteen percent of professionals said the government “definitely’’ or “probably” should forgive college student loans. In contrast, only 5% of senior corporate executives expressed a similar sentiment on the topic.
Spectrem said it was possible that many professionals still have liabilities related to their college and graduate work, so finding out those liabilities would benefit the investor-advisor relationship because the advisor would have a better idea what weights exist on the investor’s portfolio.
To read the original article, click here