When it comes to making investment decisions, the wealthy “seem very self confident and will turn to their peers before turning to advisors,” according to the Knight Frank/Citi Private Bank’s global Wealth Report 2010.
The majority of high-net-worth individuals that responded ranked their own expertise as their most important source of information, with their colleagues in second place. Personal bank or wealth manager and independent financial advisor tied for third place.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access