The survey has revealed that 54% of millionaires who talked to their advisors indicate that their financial professionals have urged them to think before they act.
Catherine McBreen, president of Millionaire Corner said: "One of the most important, if not the most important, role an advisor can play is helping investors avoid make decisions based solely on greed or fear, or other emotions that can cloud judgment. Our research shows that investors tend to regret decisions made solely on their gut instincts."
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Moreover, 20% of millionaires have reported that financial advisors are recommending they realize significant capital gains before the end of the year.
While 58% of the millionaires surveyed in November 2012 reported to be working regularly with an advisor, only 25% of these were found to have contacted their advisor following the election and 37% indicated that their advisors initiated the conversation.
Additionally, millionaires were found to be more likely to initiate contact than non-millionaire investors, while financial advisors were found to be much more likely to reach out to millionaire clients than non-millionaires.
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By GlobalData
