Despite a gloomy economic outlook and continued macro struggles across Europe, the high net worth contingent in the UK has increased by more than 20,000 people over the past two years.

Between October 2010 and October 2012, 7.9% (22,338) additional British households became net asset millionaire residences.

The CoreData Research UK High Net Worth Report 2012 reveals Britain is home to 306,655 Pound Sterling millionaire households, of whom 1.16% are net millionaires (excluding primary place of residence net value).

One in 86 households in Britain is a net millionaire household.

When considering this group’s attitude towards investing and saving, one finds that volatility has dented their market confidence and diminished expectations of future returns.

Precarious market conditions, coupled with macro concerns have also forced HNW individuals to prize stability over generating yield.

However, goals-based investment approaches retain appeal among this demographic and asset growth also remains a key objective for some.

This suggests the HNW client group would be amenable to investment approaches that can provide some capital protection and stability while also allowing for potential growth.

A fact that can be considered heartening for the financial industry is that a lack of trust is not a major issue for most HNWs who engage with financial advisers.

This indicates the individuals who do have close ties with the financial industry have not been disenchanted by their experiences.

In fact, two-thirds of HNWs trust financial advisers for advice on how to look after and increase their wealth.

And this is reciprocated by a similar share of investors who claim they are loyal to their adviser.

However, attitudes towards financial advisers are not exclusively positive.

Nearly a third believes financial advisers have a hidden agenda and approximately a fifth believes their adviser tends to over-engineer the advice process and often use too many technical terms.

Although HNW investors are considered to be more sophisticated, many believe alternatives are too risky for them to invest in and that they are costly.

This suggests the industry may need to increase its educational drive in relation to alternative investments and help guide HNW individuals within this somewhat unfamiliar territory.

*Contact CoreData’s London office on +44 207 583 7633 if you’d like to hear more. срочный займ займ турбозаймонлайн займ на карту под 0займ онлайн без фото