RJ and Makay

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Financial advisors that cater to the wealthy should carefully follow global news that could impact clients’ portfolios and be ready to justify their decisions in close communication with those clients, according to a recent survey by Spectrem Group, a company that specializes in retirement for the affluent.  The survey measured the responses of 1,146 wealthy investors with $1 million in investable assets about their investment attitudes and where they look to for advice.

Recently Boston Consulting Group conducted a survey that addresses the global wealth of women and the common complaint they share-although women’s cut of global wealth is growing, the service they get from financial advisors is not equal to that offered to men.

• 55% of the women surveyed said there is need for improvement in their relationship with wealth managers, 24% of this group reported a significant need for improvement
• 72% felt financial companies need a service approach tailored to women, 14% strongly supported this approach