Wealthy investors are taking up mobile technology in increasing numbers, the Spectrem Group found in a survey released Thursday.
Tablet use especially has grown among wealthy investors. Those with at least $100,000 in net worth increased their tablet use from 16% in June 2011 to 34%. Tablet use among millionaires grew from 20% to 37%, and ultrahigh-net-worth investors’ tablet use, also 20% in June 2011, grew to 41%.
Tablets are more popular than phones for online tasks like paying bills and accessing account information. Among the mass affluent and millionaires, investors spend about 9 hours per week on their phones, not including talking and texting, compared with nearly 12 hours on their tablets. Ultrahigh-net-worth investors spent slightly less time on their phones, but tablet use was about 12 hours per week.