New York (March 5, 2004) -- When it comes to strategic financial planning tactics such as portfolio management, diversification and risk management, the country’s wealthiest individual investors are mirroring the sophisticated strategies used by large financial institutions.
According to a joint study by financial conglomerate Merrill Lynch and consulting giant Cap Gemini Ernst & Young, high net worth individuals (HNWIs) have consistently outperformed other investor segments, primarily through regular re-balancing of their portfolios, a willingness to diversify and an increasing reliance on professional advisors -- much like many of the larger financial concerns. HNWI are defined as those with assets of at least $1 million excluding primary residential real estate holdings.
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