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Asset Preservation Advisors


State: GA

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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Market Volatility Rattles Affluent Investors: Survey

More than half (54 percent) of affluent investors worry about losing money due to market fluctuations.

| BY Donald Liebenson


Half of Millionaire investors surveyed by Spectrem Group profess to enjoy investing and would not want to give it up, while roughly half like to be hands-on ion the day-to-day management of their investments. But the majority (60 percent) only consider themselves “fairly knowledgeable” about financial products and investments with still a great deal to learn.

This confident-ish mindset is underscored in a new Wells Fargo Affluent Investor survey that finds that while a majority are feeling good about the present financial health, many have less confidence in being able to manage their money during market turbulence.

With much of their wealth in the stock market, more than half (54 percent) worry about losing money due to market fluctuations. Roughly 40 percent of surveyed affluent investors don’t trust themselves to manage their own investments during market volatility. This jumps to nearly half (49 percent) for affluent women, who tend not to be as confident in their financial knowledge as men, and a one-third for men. 

Market jitters are not enough to shake affluent investors’ confidence in their financial futures. Roughly three-fourths of non-retired affluent investors are currently able to save what they need for their retirement goals while nine-in-ten (92 percent) feel very or somewhat confident they will have enough money sustain them throughout retirement in their current lifestyle.

Millionaires tend not to express a lot of financial regrets, but there are a few things surveyed affluent investors wish they’d done better or differently when it comes to money over the past decade, including making better investments (37 percent), not saving more or spending less (29 percent) and having enjoyed their money more (15 percent).

When it comes to easing those jitters and avoiding actions that cause regrets, two-thirds of surveyed affluent investors consider a financial advisor to be their most trusted source for financial guidance or advice. “A financial advisor’s ability to recognize and acknowledge a client’s natural response to market volatility is the key to making sure that rational perspective prevails, and that’s something that investors say they appreciate,” Joe Nadreau, head of Innovation and Strategy for Wells Fargo Advisors, said in a statement.

Six in ten of affluent households currently work with a financial advisor. Of these, almost all (nearly nine-in-ten) want their advisor to be a partner in their financial planning, rather than just tell them what to do with their money. Seventy percent indicated their financial advisor is as important to them as their doctor. 


About the Author

Donald Liebenson


Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.