Why the Rich Tend to Cheat on Their Brokers

For affluent Americans, having more than one financial adviser has now become the norm. One in three Americans with more than $100,000 in investable assets started a relationship with a new financial services firm last year, seeking to combine the strengths of various firms to gain advice and resources, according to a new study released Tuesday by Hearts & Wallets, a financial research platform for consumers. Hearts & Wallets also noted that 55 percent of consumers with $500,000 in inves