Wealthy investors will continue to be careful with their money, Schwab found in a survey of 1,100 independent advisers with more than $252 billion in assets under management, the latest installment in its semi-annual Independent Advisor Outlook Study.

Thirty-two percent said “frugal spending habits” will be the new consumer behavior with the greatest staying power. This jibes with similar reports from Booz (see MME, Feb. 24, 2010, “Consumers Can’t Shake Frugality, Booz Survey Shows”) and Allianz (see MME, Feb. 10, 2010, “New 6% Savings Rate to Funnel $800 Billion to Investments Annually”).

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