The terrorist attacks of Sept. 11 have had little impact on high-net-worth investors optimism about the economy and their confidence in their investments, but more wealthy investors indicated they are considering using a financial advisor following the attacks, according to a new survey.
Sixty-nine percent of those polled in September indicated that their optimism in the nations economy remains relatively high vs. 68% of those polled in June. And despite the market volatility that followed Sept. 11, 77% of high-net-worth investors said they will keep their existing investment portfolio, up from 65% in June.
However, the attacks appear to have created a desire for investment advice. In June, more than half of those polled said they did not see an increased need to seek the advice of a professional adviser. After Sept. 11, 24% of respondents said they said they are more likely to rely on an adviser, rising from just 16% in June. Still, one-third indicated they would use their own knowledge and feelings to make their investment decisions.