More money means more hands on among ultra-high-net-worth investors. For the wealthiest investors, the more assets they have, the less likely they are to give up control over investment decisions to advisors, says a new report from the Institute for Private Investors, a membership organization of ultra-affluent private investors.

The annual Both Sides Now study surveyed 75 families with at least $30 million in assets who are IPI members. The research showed that 32% of families with up to $50 million in assets felt comfortable giving their advisors complete discretion to make changes to their portfolios.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access