The survey also bought out the fact that 60% of HNWI said they either will not or is unsure about meeting a financial advisor to discuss how these changes may affect their portfolio.
Further, 56% of survey respondents were found to believe that their individual federal taxes will increase. While 48% expect tax rates to increase, particularly for the wealthy, 30% believed tax rates to increase across the board.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Meanwhile, 70% think the Bush-era tax cuts to be completely eliminated or at least reduced for the wealthiest Americans.
Despite these concerns, 61% said that they will take no action, saying they either don’t plan to make adjustments to their portfolio or don’t know what adjustments to make, and of those who do plan to meet with a financial advisor, 26% will wait until 2013 or after tax code changes take effect.
Also, though 10% respondents said that have already met with their advisor, nearly all of those who did found it to be helpful in understanding tax code changes and planning changes to their portfolio that will minimize potential impact.
The survey included 751 investors having US$250,000 or more in annual household income or investable assets.
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 GlobalData
