What Millionaires Really Think About Financial AdvisorsPosted by in Blog on October 17, 2012
Millionaires need financial advisors, too. According to a survey by Millionaire Corner, 98 percent of those surveyed said that they are looking for an advisor who is “honest and trustworthy.”
One other thing that millionaires look for in a financial advisor is transparency. A total of 86 percent said that they want an advisor who doesn’t just provide transparency, but who keeps them informed.
In addition, 92% look at the track record of the advisor – how he or she has done over the years. And 88% percent are concerned about the fees for services provided, and 86% would have a negative opinion of a company if they underwent a credit downgrade.
Also, 87% are looking for a variety of products, while 81% seek an advisor who works with a variety of companies. And 72% are currently happy with their advisors, with those 55 and up having the most satisfaction with their financial advisors.
Written by Lisa Swan