More high-net-worth and ultra-high-net-worth investors considered themselves “conservative” last year as compared to a year earlier, according to a Spectrem Group survey.

Spectrem Group said in its “Ultra High Net Worth Investor 2009" that the percentage of U.S. households with a net worth of $5 million to $25 million that describe themselves as “conservative” investors increased fivefold in 2009 to 27%, up from 5% a year earlier. The report is based on a survey of 523 households conducted in November.

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