Client Relations
The economic threat from unsustainable U.S. national debt—over $14 trillion and counting—is the No.1 concern today for many of the nation's wealthiest families and individuals, according to a new report slated to be released later today by UBS Wealth Management Americas. That represents a sharp reversal from a year ago when wealthy investors said they were mostly concerned with their own individual financial situations, including portfolio returns. Other top concerns included unemployment, the value of the U.S. dollar and U.S. competitiveness. With the stock market rising and the tumult of the 08-09 credit crisis subsiding, investors’ attention has turned to the great macroeconomic issues of the day. Investors remain cautious, preferring to hold liquid assets, but most respondents reported that they are happy with their current levels of liquid holdings. A copy of the survey, “Rising optimism among investors tempered by greater concern about long-term strength of U.S. economy,” was obtained by Registered Rep. ahead of its planned publication later today.
