Wealth management in the C-Suite: don't let confidence breed complacency paid NTWealth
Such confidence is bolstered by the fact that these same executives also assert that they regularly review all key elements of their wealth management strategies and portfolios. For instance, 92% review their fundamental wealth management goals, such as saving for retirement or giving to charity, at least annually, and 96% do the same regarding overall portfolio tax efficiency.
“This group of active participants can be expected to have a clearer view of the realities of their strategies and portfolios,” explains Voltaggio. And as it turns out, “wherever the research looks at satisfaction levels across various wealth management attributes, the more active investors are, the less confidence they express.”
This pattern is repeated throughout the research. For instance, though 82% overall say they are highly satisfied with their current mix of managers, advisors, brokers and other providers, the figure again falls to 73% among “active” executives. Additionally, while 77% express satisfaction that the taxation of their investments and wealth strategies is fully optimized, only 65% of “active” executives say the same.
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