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.