High Net Worth Investor Confidence

hnwAccording to several independent financial consultant groups cited in Worth magazine, High Net-Worth (HNW) investor confidence is on the rise!

The 2014 survey by deVere Group finds that 57% of the affluent are bullish about the investment outlook over the next 12 months. The last time HNW confidence was this high was in March 2007.  The Spectrem Afflucent Investor Confidence Index gained nine points in March, the highest month-to-month gain in six months.

The reason they say is that the Federal Government’s diminished bond purchasing has not slowed US economic growth, in addition to the rise in home buying with higher purchase prices, eurozone growth, and US equities.  Asset management firm Legg Mason says 74% of the affluent see US equities as the greatest opportunity over the next year over international equities, coming in at 53%.