Hey kids! Did you know some grown-ups have lots of money invested? New research shows how wealthy people manage their money and what advice they get from experts. It's all about making smart choices to grow their savings.
- Wealthy people use special accounts called SMAs (Separately Managed Accounts) to invest. These accounts often have lower fees than other options.
- Many wealthy people think they know a lot about money, but they still make mistakes sometimes!
- Experts suggest that advisors should help wealthy clients avoid getting too emotional about investing, which can lead to bad decisions.
- It's important for investors to regularly review and adjust their investments to make sure they're still on track.
| Fact | Number |
|---|---|
| Percentage of wealthy people with SMAs | 25% |
| Percentage of affluent people with SMAs | 20% |
| Percentage of wealthy people interested in learning more about finances | 84% |
