Forty percent of high-net-worth investors, those with $1 million or more of investable assets, excluding their primary home, are worried about the risk of outliving their assets, The Phoenix Cos. found in a survey. In 2007, only 33% had this concern.

A third of high-net-worth investors now expect to “make up for lost time” by saving longer and potentially more for retirement, and 44% said they will have to change their lifestyle in retirement, up from 35% two years ago.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.