INDIANAPOLIS, INDIANA — (Marketwired) — 10/03/13 — A study released today by BMO Private Bank reveals that Indiana-s high-net worth individuals say they have rebounded strongly from the 2008 economic downturn, with 70 percent reporting that they are more financially secure today than they were before September 2008. Additionally, 60 percent of high-net worth Hoosiers feel that the U.S. economy will improve over the next year. The study is the second in a series by BMO Private Bank examining trends among high-net worth individuals (those with investible assets of $1 million or more) in Indiana and across the country.
Other key highlights of the study include:
“Indiana-s affluent are demonstrating to the nation that they are well-grounded and possess a sturdy Midwestern mindset,” said Chad Cassinelli, Managing Director and Senior Vice President, BMO Private Bank. “Hoosiers have a tradition of being optimistic in their outlook and practical in their approach. By showing confidence in the economy, they will further strengthen it both at home and across America.”
Key National Findings:
On a national level, the study found:
About BMO Private Bank, a Part of BMO Financial Group
BMO Private Bank offers a comprehensive range of wealth management services that include investment advisory, trust, banking and financial planning to meet the financial needs of high net worth clients. Through integrated teams of experienced financial professionals, BMO Private Bank helps its clients realize their financial and lifestyle goals with solutions that are custom tailored and delivered with the highest level of personalized service.
BMO Private Bank is a brand name used in the United States by BMO Harris Bank N.A. Member FDIC. Not all products and services are available in every state and/or location.
The online survey was conducted by Pollara between March 28th and April 11th, 2013 with a sample of 482 American adults who have $1M+ in investable assets (including a sub-sample of 40 Indiana residents). The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contact:
Beth Copeland
317-269-1395