Gone are the days of only being able to obtain news and information on the television through the basic channels. Television watching has evolved significantly over the past several decades, going from turning knobs to change between the three to five channels available, to remote controls and hundreds of channels to choose from. Most individuals would say they are thankful they don’t need to walk across the room to change the channel, however many people feel that the quantity of choices on cable television has become too many to choose from, making it challenging to know what programs to listen to and which to ignore. Investors choose every day what cable news they are looking at, and those that they feel skeptical of. Investors are also looking for more from their cable news sources. What news sources are followed most commonly among Ultra High Net Worth (UHNW) investors, those investors with a net worth between $5 million to $25 million? What are these ultra-wealthy investors looking for from their cable news sources?

 Sitting down and enjoying a nice meal with someone often puts the relationship on a different level. The conversation is often more relaxed, and the individuals can get to know one another on a deeper level. Many investors see their financial advisor primarily at their advisor’s offices, although sometimes they go out to eat and enjoy a meal with their advisor. Some investor segments are more likely than others to join their financial advisor for a meal. Besides dining out, there are also many other activities that an advisor can invite their clients to, which may or may not enhance their relationship with their client.

 Imagine someone gives you $100,000 and you must determine what to do with it. Would you save it, invest it, buy something? If you invested it, how would you allocate that $100,000? Would you be making these investment decisions on your own or would you enlist the help of a financial professional to help you allocate the $100,000?

 Investors are generally very loyal to their financial advisor, according to research conducted by Spectrem Group with investors with $100,000 to $25 million of net worth (not including the value of their primary residence.) Relationships generally last for at least 15 years or longer. But many have not considered what they might do should their financial advisor retire.

The phrase “location, location, location” is very relevant when discussing real estate, but does it apply to the location of a financial advisor? With Zoom calls and other interactive communication becoming increasingly popular, does it really matter where a financial advisor is located? Can everyone just work from their homes, or do offices still matter?

Remember the old saying, “too many cooks spoil the broth?” Apparently, most investors feel the same way about financial advisors. Recent research conducted by Spectrem Group with investors who have $1,000,000 plus of investable assets found that while 75% of investors have only one financial advisor, roughly a quarter have two or more financial advisors. What leads investors to choose more than one advisor?