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Wealthy Are Less Bullish Than Their Advisers

Thursday, June 16, 2011 - 10:38 PM
The analysis highlights the confidence gap between investors scarred by the financial crisis and recession, and advisers whose businesses weathered the slump.

The biggest discrepancy can be found around annuities: 60 percent of advisers plan to recommend them, but only 13 percent of millionaires plan to buy them. About half of both groups plan to allocate more money to mutual funds.
On the other hand, 38 percent of respondents believe their own personal financial situation will improve, compared with 17 percent worried it will get worse.
MikeMike327 posts since
Feb 22, 2010
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