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Asset Preservation Advisors




City:Atlanta

State: GA



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APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Getting to Know the High Net Worth Investor

Among high net worth investors, those under 50 have an average net worth higher than those over 65. 

| BY Kent McDill

Spectrem’s Wealth Segmentation Series of reports includes all kinds of information about the financial concerns and attitudes of wealthy investors, including their feelings about using social media, their thoughts on national and personal matters, and especially their attitudes towards financial advisors.

But who are these people?

Spectrem gathers information on investors from three wealth segments for its quarterly reports, and the wealthiest are the Ultra High Net Worth investors, with a net worth between $5 million and $25 million. Here is what you need to know about that group of investors:

·         Almost two thirds of the UHNW investors have a net worth between $5 million and $10 million. More than one quarter are worth between $10 million and $15 million, while 11 percent clock in at over $15 million in net worth (Not Including Primary Resident in all cases).

·         All UHNW investors are high school graduates, and 94 percent are college graduates. Forty-five percent have advanced college degrees, and 21 percent have their Masters of Business degrees. Nine percent have law degrees and 8 percent are doctors.

·         The average age of a UHNW investor is 65, although more than 60 percent are over 65 years of age. Thirty-two percent range between 55 and 64 while 4 percent are between 50 and 54 and another 4 percent are under 50.

·         The wealthiest age group is the youngest. The average net worth for UHNW investors under 50 is over $10 million ($10.2 million), while the average net worth for investors over 65 is $9.83 million. The investors between the ages of 50 and 54 are worth an average of $9.6 million and the investors between the ages of 55 and t64 are worth $9.16 million.

Sixty-three percent of UHNW investors are retired, 14 percent are semi-retired and 23 percent are still working. Twenty-five percent of UHNW investors are or were professionals, 17 percent are corporate executives, 12 percent are managers, and 8 percent are educators. Another 7 percent work in information technology and 6 percent are entrepreneurs or business owners.

Finally, a majority of UHNW investors do most or all of their own investing. Twenty-nine percent call themselves self-directed investors, making their own investment decisions with consulting an advisor. Twenty-eight percent are event-driven investors, who use an advisor for specialized investing needs such as retirement planning or finding alternative investments.

Only 16 percent of UHNW investors consider themselves advisor-dependent investors, relying on a professional for all of their investment needs.

 



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.