LGBT: The emerging market closest to home
Much of the LGBT community is affluent and in need of advisors and agents.
DIY management of portfolios down among wealthy investors
But 40 percent of mass affluent investors say that they still enjoy investing and would not want to stop.
Employer-sponsored retirement assets hit $10.9 trillion
Assets held in employer-sponsored retirement plans totaled $10.9 trillion in 2012, up 8 percent from the $10.1 trillion recorded in 2011.
Millionaire investors shifting mutual fund assets to ETFs
Domestic exchange-traded funds accounted for 20 percent of mutual fund assets held by affluent households in 2012.
Nearly 3 in 10 Mass Affluent Investors Use a Tablet Device to Correspond with Advisors
The report also reveals that 33% of mass affluent investors use a smartphone, such as an iPhone or Android-based phone, to correspond with their financial advisor or provider.
Divorcees, Widows Use Advisors More Than Men
Sixteen percent of divorced women in Spectrem’s study describe themselves as advisor-dependent, compared with 20% of widows.
Facebook Use Doubles Among Millionaires in 2011
Don’t disregard Facebook—a report from Spectrem says the number of millionaires who use the site has doubled since 2010 to 46%. Meanwhile, Chad Bockus' Socialware has secured $7 million via Morgan Stanley to enhance its platform.