Modern American Family Dynamics Complicate Wealth Management
Proquest LLC |
The 2014 U.S. Trust Insights on Wealth and Worth survey released on
According to a company release, based on a nationwide survey of 680 U.S. high net worth individuals with
_The perspective of mine, yours and ours is the new reality of wealth management. Nearly half (46 percent) of wealthy families in the study have experienced a change or disruption in the family dynamic, following a divorce, loss of a spouse or partner and subsequent remarriage and blending of families.
_In modern families, women are playing an active role in wealth planning and decision-making as they make significant contributions to family wealth. More than half (52 percent) of women came into their marriage or relationship with financial assets equal to or greater than their spouse or partner, and one-third (33 percent) of women are now the primary income earner or contribute equally to household wealth.
"Families today come in all shapes and sizes and the wealthy are not immune to the ripple effect of extenuating circumstances on overall family financial well-being," said
say they would help foster greater income and opportunity in the country primarily by financially supporting programs that support employment and education opportunities, paying more in taxes, creating jobs, and/or supporting legislation to reduce regulation and taxes on small business and entrepreneurs.
The 2014 U.S. Trust Insights on Wealth and Worth survey also includes findings on high net worth business owners and senior executives and additional detailed findings about high net worth women executives, trust and estate planning, and additional gender and generational findings.
More information and complete details:
((Comments on this story may be sent to [email protected]))
Copyright: | (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |
Wordcount: | 439 |
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News