Friday, February 03, 2006
Full-Service Brokers Win Back The Wealthy
More wealthy investors are seeking financial advice from full-service brokers, who, after losing half their market share in recent years, are now staging a spirited comeback.
Nearly one-third of affluent investors with $500,000 or more in investable assets?were using full-service brokers as their primary advisors in 2005, a significant jump from 24 percent in 2004, according to recently released research from Spectrem Group, a Chicago-based strategic consulting firm specializing in wealth management and retirement. In 2002, full-service brokerage represented a robust 45 percent of the affluent marketplace, which steadily declined to 36 percent in 2003 and 24 percent in 2004.
Full-Service Brokers Win Back The Wealthy
Source: Insurance News Net
Nearly one-third of affluent investors with $500,000 or more in investable assets?were using full-service brokers as their primary advisors in 2005, a significant jump from 24 percent in 2004, according to recently released research from Spectrem Group, a Chicago-based strategic consulting firm specializing in wealth management and retirement. In 2002, full-service brokerage represented a robust 45 percent of the affluent marketplace, which steadily declined to 36 percent in 2003 and 24 percent in 2004.
Full-Service Brokers Win Back The Wealthy
Source: Insurance News Net
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