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| News & Scoreboards |
Hope Springs
Daniel DelRe
03/01/2005
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More than
three-quarters of the survey respondents have a primary investment advisor,
typically a brokerage firm or independent professional. Investors reported that
their most important criterion for remaining loyal to a primary financial
advisor is investment returns. For lower-income households, loyalty is typically
based on factors that Thompson refers to as “softer measurements,” such as the
nature of the relationship and the quality of service. “This is the first
time we’ve seen such a dichotomy between the two groups,” Thompson adds. He
attributes wealthy investors’ emphasis on investment returns to a need for
greater accountability when handling a portfolio structured for aggressive
growth. Especially fascinating to Thompson is that this observation was made
during a relatively strong market. “Back in the bear market of 2001, investment
performance was number one for everybody. But now I’d expect things to be
different.”
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