Will Four of Five High Net Worth Investors Ditch Their Advisers?

According to a Prince and Associates survey cited by Robert Frank in the Wealth Report, four out of five investors with $1 million or more plan to pull money from their investment advisers. Only one such investor out of fifty would recommend her adviser to a friend.

Perhaps Mr. Prince caught high-net-worth investors on a really bad day – and that's not hard this year. But even if the findings are exaggerated, this sounds like a great time to follow Jim Gust's advice and seek new investment-advisory business.