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LGBT investors, conservative.

A new Spectrem Group study of affluent LGBT investors reveals that while their investing preferences are generally similar to those of affluent non-LGBT investors, they tend to be more conservative and less diversified in their investing preferences, while indicating higher overall satisfaction with their financial advisor. Additional findings from Advising the Affluent LGBT Investor include:

Only 34% of wealthy LGBT investors feel their primary financial advisor understands the unique situations of the LGBT community.

Compared to wealthy non-LGBT Investors, wealthy LGBT are more satisfied with their advisors overall (82% vs. 73% of non-LGBT).

Wealthy LGBT investors use social media more than non-LGBT (67% vs. 570%).

SOURCE: SPECTREM GROUP

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Title Annotation:Annuities & Investments
Publication:Senior Market Advisor
Date:Feb 1, 2014
Words:108
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