Financial Planning magazine
Wealthy investors prefer LinkedInPosted by RJ and Makay on May 07, 2012 |
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Of more than 5 million high-net-worth (HNW) individuals that currently use social media for a variety of financial planning and investment research activities, almost three-fourths of them prefer LinkedIn, according to a Cogent Research survey of American and Canadian investors with more than $100,000 in investable assets. The percentage of LinkedIn fans represents more than twice the number using Facebook, Google+ and Twitter combined.
After two years of stagnant or shrinking revenues, the 50 largest independent broker-dealers reported a rebound in their annual revenues last year, according to Financial Planning magazine. A robust stock market and strong demand for mutual funds, annuities and other products saw a median increase of 13.2% in 2010 revenues. 13 of the top 50 firms posted year-to-year revenue growth of over 20%.
