Millionaires' Investment Attitudes and Behaviors

In January 2008 Fidelity Institutional Wealth Services surveyed 1,000 financial decision-makers at households with at least $1 million in investable assets, excluding workplace retirement accounts and real estate.  One of the key findings of the survey was that millionaires' use of independent advisers has grown to 26%, compared to 22% a year prior. 

John W. Callahan, president, Fidelity Institutional Wealth Services observed that independent advisers are "well-positioned to service millionaires by offering the sophisticated wealth management capabilities they desire, and by establishing themselves as objective partners who can play the role of sounding board or decision maker, based on each client's distinct needs." 

The full article, which also describes millionaires' perspectives on the economy and financial markets, is available from by clicking here.