Ultra High Net Worth investors have heightened concerns over national financial issues compared with their personal financial situation, according to our new wealth segmentation study of households with a net worth between $5 million and $25 million.
The May Spectrem Millionaire Investor Confidence Index (SMICI®) dropped 6 points to 5, while the Spectrem Affluent Investor Confidence Index (SAICI®) fell 4 points to 0. The indices are down 10 points and 8 points, respectively, from May 2015.
"If current trends in the managed account industry hold, discretionary accounts will reach $4 trillion by year-end 2019," O'Shea adds.
Private Wealth Systems Inc., an industry defining financial technology company that is transforming the way private wealth information is analyzed and reported, is featured on an upcoming segment of Worldwide Business with kathy ireland.