Merrill Lynch Global Wealth Management
Affluent investors are cautious heading into 2012Posted by RJ and Makay on Jan 25, 2012 |
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Preliminary results of the most recent Merrill Lynch Affluent Insights Survey indicate that affluent advisors are closely watching market volatility and the job market to determine their level of retirement investments for 2012. 38% of affluent investors said more stable markets would encourage them to invest more, and 37% said an improved job picture would raise the level of their investments.
Asia has 3.3 million high net-worth individuals as of the end of 2010, ahead of Europe’s 3.1 million and slightly behind the U.S.’s 3.4 million, according to the 2011 World Wealth Report released by Merrill Lynch Global Wealth Management and Capgemini. The report defines high net-worth individuals as people with at least $1 million in financial assets excluding collectables, consumer goods and primary residences.
