SOURCE: Spectrem Group

April 09, 2014 08:00 ET

Millionaires and Ultra High Net Worth Bask in Market Recovery, Mass Affluent Investors Are Disgruntled

New Study Shows Mass Affluent, Millionaire and Ultra High Net Worth Investors' Attitudes and Concerns About Advisors and Investments in 2014

CHICAGO, IL--(Marketwired - Apr 9, 2014) - Less than half of Mass Affluent investors feel their financial situation will be better a year from now, while the majority of Millionaires and Ultra High Net Worth (UHNW) investors feel positively about their future financial situation, according to Financial Attitudes and Concerns 2014, a new study from Spectrem Group that looks at investors in the Mass Affluent ($100k-1 million in net worth, not including primary residence (NIPR)), Millionaire ($1-5 million, NIPR) and Ultra High Net Worth ($5-25 million, NIPR) wealth segments.

"All investors say they're concerned about prolonged economic downturn and government gridlock," said George H. Walper, Jr., president of Spectrem Group. "Mass Affluent investors are the least confident in investing overall, but our data shows us they're also the one wealth segment that isn't turning to advisors for help."

Other highlights from Spectrem's Financial Attitudes and Concerns 2014 report include:

  • More than one third of Mass Affluent investors feel they will have to adjust the expectations they had prior to retirement due to low interest rates. 
  • Over 80 percent of Millionaire and UHNW investors credit "smart investing" as a major wealth creation factor.
  • Mass Affluent investors are most likely to wish they had saved more before the financial crisis, while Millionaires and UHNW investors are more likely to wish they had taken more risk in their investments. 

More information on the study is available at Spectrem.com and Spectrem's Millionaire Corner:

About Spectrem Group
Spectrem Group (www.spectrem.com) strategically analyzes its ongoing primary research with investors to assist financial providers and advisors in understanding the Voice of the Investor.

About Spectrem's MillionaireCorner.com
Millionaire Corner is a premier independent online resource for investors and about investors. Millionaire Corner delivers timely, relevant and practical information and tools to help fuel financial growth for Millionaire investors and aspiring millionaires. With its Best Financial Advisors service, investors are able to search and evaluate financial advisors based on actual customer reviews of satisfaction with the advisor.

Charts and summary insights available upon request.