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Mass affluent investors ‘disgruntled’, says Spectrem

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Less than half of mass affluent investors feel their financial situation will be better a year from now, while the majority of millionaires and ultra high net worth investors feel positively about their future financial situation.

That’s according to Financial Attitudes and Concerns 2014, a new study from Spectrem Group that looks at investors in the mass affluent (USD100,000-USD1m in net worth, not including primary residence), millionaire (USD1m-USD5m) and ultra high net worth (USD5m-USD25m) wealth segments.
 
"All investors say they're concerned about prolonged economic downturn and government gridlock," says George H. Walper, Jr., president of Spectrem Group. "Mass affluent investors are the least confident in investing overall, but our data shows us they're also the one wealth segment that isn't turning to advisors for help."
 
More than one third of mass affluent investors feel they will have to adjust the expectations they had prior to retirement due to low interest rates. 
 
Over 80 percent of millionaire and UHNW investors credit "smart investing" as a major wealth creation factor.
 
Mass affluent investors are most likely to wish they had saved more before the financial crisis, while millionaires and UHNW investors are more likely to wish they had taken more risk in their investments. 

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