Here are the top three things we thought you’d find interesting:
1) 59% of High Net Worth Americans say that one of the ways they have accumulated their wealth is through investment returns. Sounds like these folks understand the value of investing for the long term!
2) Family and relationships were more important to these individuals than money. 70% said that the quality of relationships with family and friends was very important; only 33% said the value of assets/wealth was very important.
3) 65% said they use a private wealth management or financial planning firm to manage all or part of their assets… but, 36% still admitted that they were not sure how much risk they could tolerate in their investment strategies. Sounds like there is a need for better communication and more transparency.
If you love data as much as the Betterment team, see the entire report here.
Betterment is the largest independent robo-advisor, helping people to better manage, protect, and grow their wealth through smarter technology. With more than 175,000
customers and over $5 billion
in assets under management, the service offers a globally diversified portfolio of ETFs, designed to help provide you with the best possible expected returns for retirement planning, building wealth, and other savings goals. Betterment also helps customers get on track for a comfortable retirement with RetireGuide™, a retirement planning tool that lets people know how much they should save and if they are investing correctly.
Betterment is a CNBC Disruptor 50 and Webby award winner, and it has been featured in the New York Times, Forbes, and the Wall Street Journal. Betterment helps people to achieve a smarter financial future with minimal effort and for a fraction of the cost of traditional financial services. Learn more here.