Report: Investors Concerned About Tax Changes

Posted by adaniels in Blog on December 11, 2012

There are tax changes expected in Washington, D.C. in the near future, and many investors are concerned about it, says a new survey. Yet most of them are not planning to talk to their financial advisors about it, which could be a missed opportunity.

Financial Advisor Magazine writes on a report by Nationwide Financial. According to the survey, 63 percent of high-net-worth investors are concerned about what is going on in Washington over taxes, yet most of them are not thinking about talking to their financial advisors about it. Nor do the investors think that they can do anything about the shenanigans in Washington.

In addition, according to this survey, which talked to 751 investors who had $250,000 or more a year of annual income, 56 percent think that their tax rates will be raised.

Eric Henderson of Nationwide said that “there is a huge opportunity for advisors to proactively engage clients in a discussion about how tax code changes may impact their portfolio.” He suggested that advisors who are proactive on this issue can build trust with their clients and foster long-term relationships. 

Written by Lisa Swan


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