Money & Markets
Do I need to rethink my financial services providers?
Financial services may not be delivering for the young and wealthy. Here’s proof.
We surveyed Long Angle members to understand how they work with professional services providers. Respondents skew young (under 50) and very high-net-worth ($5-$25M). The results suggest many financial services aren’t delivering:
4 in 10 with a CPA are considering switching providers
Only a third have a wealth manager, and 1 in 5 are thinking about dropping theirs altogether
Only half have a trust and estate attorney
Satisfaction ratings are low relative to other services
Why such low satisfaction for estate attorneys, wealth managers, and CPAs?
Long Angle members told us they’re frustrated with a lack of personalization, slow responsiveness, and high fees.
For the young and wealthy, expectations are high and loyalty is thin when value isn’t clear.
Read our High-Net-Worth Professional Services Report for more insights.
Chris Bendtsen
Insights Lead, Long Angle
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This material is for informational purposes only and is not investment advice regarding any security or investment strategy. Long Angle does not provide legal or tax advice, consult your attorney, CPA, or tax professional regarding your situation.
Long Angle Management, LLC (Long Angle), is an SEC registered investment adviser firm. Registration does not imply a certain level of skill or endorsement. Investing involves risk, including potential loss of principal. Past performance is not indicative of future results.