The first wave of boomers—now 55 to 64 years old—with at least $100,000 to invest have become significantly more cautious since 2006, according to the 2011 Investor Brandscape Report by Cogent Research.

These boomers reported holding 15% of their investable assets in “high-risk investments” compared to 24% in 2006. That’s one reason their holdings, including savings in retirement accounts, have fallen, on average, to $708,000 from $809,000 four years earlier.

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