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.
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