Rich Investors Fault Input by Advisers

More than 40% of affluent households (defined as having a net worth greater than $500,000) that use a financial planner or adviser say that they have received poor or questionable advice during the previous 3 years, a recent survey found.

More than one-third of the affluent respondents between the ages of 40 and 59 said they may need or will need to postpone retirement. 42% of the respondents say that their investment objective is capital preservation.

Source: Investment News, October 28, 2002