Confidence rose among millionaire investors in October to its highest level since April 2012, according to the latest findings of Spectrem Group's Millionaire Investor Confidence Index. The index rose six points to minus two, marking a six-month high.
Meanwhile, another poll from Spectrem showed that millionaire investors say they see mostly advantages in working with an advisor. According to a statement from Spectrem, the study showed that more than three-fourths of millionaires said working with an advisor improved their investing knowledge, two-thirds said it expands their investing opportunities and 57% said that it helps with peace of mind. The one disadvantaged, cited by 54% was the "higher fees" asscoiated with working with a planner.
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