SEI Survey: Nearly Half of Ultra-Wealthy Feel Isolated When Making Financial Decisions

SEI Survey: Nearly Half of Ultra-Wealthy Feel Isolated When Making Financial 
Poll Reveals Most Ultra-Wealthy Don't Feel Financially Secure 
OAKS, PA -- (Marketwire) -- 02/14/13 --  In a world with more ways
than ever for people to stay connected, the ultra-wealthy still often
feel cut off. Nearly half of ultra-wealthy Americans (49 percent)
feel isolated when making financial decisions, according to a poll
released today by SEI (NASDAQ: SEIC). The poll revealed that while
nearly two in five (39 percent) of those surveyed feel most confident
getting advice for difficult financial decisions from a wealth
advisor, more than half (57 percent) feel their wealth advisor is not
giving them all the information they need to assess investment risk.
The results point to a lack of communication between the
ultra-wealthy and their advisors when it comes to the potential risks
involved in investment decisions. The survey, of 162 individuals
representing families with more than $11.8 million in financial
assets on average, was carried out by the independent research firm
Scorpio Partnership.  
"The results show that many investors feel isolated when making
financial decisions," said Michael Farrell, Managing Director for SEI
Private Wealth Management. "The challenge is trying to balance the
need for external input with clients' instincts to take the lead on
family decisions, financial or otherwise. It really comes down to
having frequent and meaningful communication with clients in order to
arm them with all the information and advice they require to make
confident decisions. Hopefully in doing this, the client will feel
more connected and more informed when assessing financial decisions." 
The survey also revealed insights on the level of assets at which the
fear of risk dissolves and perceived financial security is attained
for ultra-wealthy individuals. The results show that, on average, the
ultra-wealthy believe they would feel financially secure with double
the level of assets they currently have, regardless of present net
worth. What's more, the amount needed for investors under the age of
50 to feel they have financial security is even greater, coming in at
more than three times their current net worth.  
Other findings from the poll include how the ultra-w
ealthy view and
assess risk. Respondents most often felt "the probability of not
meeting a specific goal" (40 percent) was the best measure of
investment risk, according to the survey results. The most common
definition of risk for the ultra-wealthy was "damage to the long-term
financial health of my family" (44 percent).  
The survey results are part of an ongoing series that SEI has
developed in collaboration with Scorpio Partnership to help gain
front-line insights on wealth goals, behavior, and issues of
ultra-high-net-worth families. For more information about the poll,
please email 
About SEI Private Wealth Management
 SEI Private Wealth Management
provides clarity into the complex issues faced by wealthy individuals
and families so they can make better decisions for themselves, their
families, and their communities. In September 2011, SEI Private
Wealth Management, formerly the SEI Wealth Network, was named to the
National Association of Board Certified Advisory Practices' (NABCAP)
Premier Advisor list, published by the Philadelphia Business Journal.
SEI Private Wealth Management is an umbrella name for various life
and wealth advisory services provided by SEI Investments Management
Corporation (SIMC). SIMC is a subsidiary of SEI. For more information
about SEI Private Wealth Management, visit  
About SEI 
 SEI (NASDAQ: SEIC) is a leading global provider of
investment processing, fund processing, and investment management
business outsourcing solutions that help corporations, financial
institutions, financial advisors, and ultra-high-net-worth families
create and manage wealth. As of December 31, 2012, through its
subsidiaries and partnerships in which the company has a significant
interest, SEI manages or administers $458 billion in mutual fund and
pooled or separately managed assets, including $201 billion in assets
under management and $257 billion in client assets under
administration. For more information, visit 
Company Contact:
Dana Grosser
+1 610-676-2459 
Media Contact:
Jason Rocker
Braithwaite Communications
+1 215-564-3200 x110 
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