Is that a trust marketing opportunity knocking?

Below JLM commented on the growing number of millionaires. Now comes a new Phoenix Wealth Survey, reported by On Wall Street, that says more and more of these high net worth folks are managing their finances on their own, apparently disillusioned with the advice they received recently. Or perhaps with the price of advice that, in hindsight, looked pretty ordinary. Reportedly 41% now have no primary financial advisor, a big jump from 34% last year.

What's more, a remarkable 42% of those with more than $3 million in assets have put off their estate planning!

Are trust bankers in a good position to capture some of that business?