June 13, 2013 07:00 ET
- Nearly 60 percent of high-net-worth Arizonans are self-made - 40 percent of Arizona millionaires are women - 75 percent are 65 years or older - Nearly 90 percent hold a bachelor or graduate degree
- Nearly 60 percent of high-net-worth Arizonans are self-made
- 40 percent of Arizona millionaires are women
- 75 percent are 65 years or older
- Nearly 90 percent hold a bachelor or graduate degree
SCOTTSDALE, ARIZONA--(Marketwired - June 13, 2013) - According to a study released today by BMO Private Bank, the wealthy of Arizona (defined as those with investible assets of $1 million or more) tend to be self-made and highly educated. The study is the first in a series that BMO Private Bank is set to release over the next year examining trends among the wealthy in Arizona and the United States.
The inaugural study found that:
"The findings from this study show that the American Dream is alive and well here in Arizona with more and more people carving out their own path to success and wealth," said Matt Miller, senior managing director-Arizona and Utah for BMO Private Bank. "From a private banking perspective, we need to better anticipate the unique needs of individuals and families possessing this entrepreneurial spirit and growing their wealth in this fashion."
Key National Findings:
On a national level, the study found:
About BMO Private Bank, a Part of BMO Financial Group
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.
BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. Not all products and services are available in every state and/or location.
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a random sample of 482 American adults who have $1M+ in investable assets. The margin of error for a probability sample of this size is ± 4.5%, 19 times out of 20.
Media Contacts:Carey Allen(480) email@example.comAndrea Aker(602) firstname.lastname@example.org
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