NEW YORK, May 1 /PRNewswire/ -- TNS, one of the world's largest market
information companies, today released highlights from its annual Affluent
Market Research Program (AMRP), the longest running program of its kind.
Among the key survey findings were the following:
-- The number of U.S. millionaire households has risen to a record high of
9.3 million as of mid-2006. This is an increase of five percent from
the prior year, and the fourth consecutive year that the population of
millionaires has increased (Millionaires are defined as $1MM in net
worth excluding primary residence)
-- Among those millionaires who have Internet access, online trading has
jumped 45 percent over the last five years, to 32 percent.
-- Among the 37% who do not use a financial advisor, 46% cited "I feel I
do better managing my own money," and 31% said "the wealth of
information makes a professional advisor unnecessary."
-- Los Angeles County ranks number one with the most number of
millionaires -- over 268,000
The AMRP has been in existence since 1981 and provides leading
financial services organizations with valuable insights into the attitudes
and behaviors of affluent households.
The study reveals that the single most important financial goal of this
group is "to assure a comfortable standard of living during retirement." A
less important financial goal is "leaving an estate for my heirs."
While the number of millionaires who are investing via the Internet is
increasing dramatically, 60 percent continue to obtain investment advice
from a professional advisor.
George Ravich, senior vice president of TNS' Syndicated Programs
commented on the findings -- "The availability of high quality investment
information has had a profound impact on the affluent investor's confidence
and their ability to self-advise. Over half of affluent investors with
Internet access use it to research investments, and 32 percent trade
securities online, an increase of about 45 percent since 2002."
Top Ten Counties With Highest Number of Millionaire Residents
RANK COUNTY NUMBER OF PERCENTAGE OF PERCENTAGE OF
MILLIONAIRE MILLIONAIRE MILLIONAIRE
HOUSEHOLDS HOUSEHOLDS HOUSEHOLDS
(based on state's (based on US
total population total population
of millionaire of millionaire
1 Los Angeles
County, CA 268,136 23% 3%
2 Cook County, IL 171,118 40% 2%
3 Orange County, CA 116,157 10% 1%
County, AZ 113,414 62% 1%
5 San Diego
County, CA 102,138 9% 1%
6 Harris County, TX 99,504 16% 1%
7 Nassau County, NY 79,704 13% 1%
8 Santa Clara
County, CA 74,824 6% 1%
9 Palm Beach
County, FL 71,221 11% 1%
10 King County, WA 68,390 33% 1%
Number of Millionaire Households From 2001 To 2006
YEAR NUMBER OF US MILLIONAIRE INCREASE FROM
HOUSEHOLDS (In millions) PRIOR YEAR
2006 9.3 5%
2005 8.9 9%
2004 8.2 33%
2003 6.2 13%
2002 5.5 -9%
2001 6.0 -4%
About the TNS Financial Services Affluent Market Research Program AMRP
has been providing the financial services community with critical data and
insights since 1981. The study is based on a representative national sample
of over 1,600 households with a net worth of $500,000 or more, excluding
primary residence. The mail-based survey includes additional interviews of
households with $1 million or more in investable assets and the emerging
TNS is a leading provider of market data for the financial services
industry. In addition to AMRP, TNS offers extensive research on small
business banking and consumer credit card usage. These programs are part of
a global inventory of 43 syndicated research programs.
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