The research states that millionaires are less likely to see negative aspects in working with an advisor.
The research, which surveyed 1,350 investors from a range of wealth levels, revealed that 56% of the millionaires have an ongoing relationship with a financial advisor.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
On the other hand, less than 12% of individuals with less than US$100,000 in investable assets, were found to be working regularly with an advisor.
Most of the millionaires perceive that working with an advisor has numerous advantages and the perception was shared by affluent individuals having investable assets of US$500,000 up to US$1 million.
Three-fourths of the millionaires and investors with US$500,000 up to US$1 million opined that working with a financial advisor improves their knowledge of investing.
Further, more than two-thirds of millionaires and investors with US$500,000 up to US$1 million said that working with a financial advisor provides wider range of investment opportunities.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataAround two-thirds of millionaires and an even greater share of investors with US$500,000 up to US$1 million said that working with an advisor improves their investment returns.
An even larger share, 66%, of investors with US$500,000 up to US$1 million, cited peace of mind as one of the benefits of working with an advisor.
