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Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Ultra High Net Worth and Advisor Usage

 Are UHNW investors becoming more self-directed?

| BY Donald Liebenson

Eight-in-ten Ultra High Net Worth investors use a financial advisor in some capacity. In what situations are these elite investors most likely to consult one?

Advisor Relationships and Changing Advice Requirements, a Spectrem Group wealth segment study of investors with a net worth between $5 million and $25 million (not including primary residence), finds that UHNW investors consult with a financial advisor concerning just over half of their assets, either just for advice before making the final investment decisions themselves (35 percent) or to completely handle with no input from them (18 percent).

Just over half (54 percent) rely and trust their advisor for the vast majority of their financial needs, while nearly four-in-ten (37 percent) rely on their advisor for specific types of investment such as real estate or alternative investments. One-fourth cedes a portion of their investments to an advisor to compare results of their own investing, and 22 percent .is transitioning more of their investments to a financial professional.

Roughly 30 percent report they are becoming more self-directed investors, meaning they are making more of the financial decisions without a financial advisor’s assistance.

According to Advisor Relationships and Changing Advice Requirements, UHNW investors ages 49-54 comprise the largest percentage of these wealthy investors who keep a portion of their investments with an advisor to compare results of their own investing (32 percent, vs 25 percent of those 48 years-old and younger, 25 percent of Baby Boomers and 22 percent of seniors ages 65 and up). This age demographic is also the most likely to indicate they are relying less on an advisor and making more of their own financial decisions (39 percent), and to turn to an advisor about specific types of investments (50 percent)

The decision by more self-directed UHNW investors to transition more of their assets to an advisor’s stewardship increases with age, from 8 percent of those 48 and under to 23 percent of seniors.

Trust in their advisor for the vast majority of their financial needs is most expressed by Baby Boomers (59 percent) and those ages 49-54 (57 percent).

Across the occupational spectrum, professionals, such as doctors and lawyers, comprise the highest percentage of UHNW investors who rely and trust their advisor for most of their financial and investment needs, while managers are more likely than professionals, senior corporate executives and business owners to keep a portion of their investments with an advisor as a benchmark to compare results of their investing.

UHNW investors consider gaining investment knowledge, having access to a wider range of investment opportunities and improving their investment returns to be the primary benefits of  working with a financial advisor, the report states.


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.