In April of 2007, the U.S. Trust Survey of Affluent Americans was prepared for the United States Trust Company which is a wholly owned subsidiary of the Charles Schwab Corporation. Gregg and Lisa Whitney think it is important for their clients to follow the attitudes and trends of wealthy Americans on a wide variety of topics as most of their clients hold real estate as a part of their investment portfolio.

This article is Part 2 of an interesting nine part series on the super high net worth American. Gregg and Lisa Whitney are pleased to provide this information for you

Their partnership, also known as Whitney and Associates, has a proven, long-term track record of successful real estate sales in the La Jolla, California Real Estate Market. Gregg and Lisa Whitney believe Clients should be key finding from this survey as part of the exceptional service they provide to their clients.

Those surveyed in this study released recently constitute Americans with an investable net work greater than $5 million, not including primary residence. Included in this study is a special sub-sample of ultra high net worth Americans with total assets of $25 million or more. Gregg and Lisa Whitney want you to know that an income qualification was not used in the current version of the study and the overall qualification was based solely on investable assets leading to an overall wealthier sample. An independent marketing research firm was retained to conduct this survey and focuses itself on the top wealthiest Americans and their beliefs, concerns and attitudes.

What the study found was that 85% of high net worth Americans reported that their portfolios met or exceeded their expectations during the past fiscal year. This is good news for not only stocks, but for real estate investments as well. The polling of high net worth Americans revealed some new trends about philanthropy.

Most high net worth individuals are actively involved in giving back to society. Most markedly, seven out of ten high net worth Americans have undertaken specific actions that indicate their commitments to these causes. The most popular activity is charitable bequest through a will. Three in ten high net worth Americans have set up a charitable trust or a family foundation. Twenty percent of high net worth Americans participate in charitable gift annuities and donor-advised funds.

What was most enlightening about philanthropic involvement was that tax considerations are among the least cited reasons for making charitable donations. While most donations were generally tax deductible, only 33 percent claimed this as a reason for their donations. The primary motivations appear not for their own material advantage, but as a result of the desire to return something back to society and their beliefs in that particular cause. Almost 75% of respondents indicated that they want to make a difference in the world.

Leading the involvement for philanthropic donations were academic institutions and health-related organization. Religions institutions are cited by less than half of the high net worth Americans as recipients for the majority of their donation. Almost the same amount of high net worth Americans considered leaving money to a library or museum. Only 36 percent of high net worth Americans are considering leaving money to a charity related to public issues such as the environment or politics.

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At Whitney and Associates, we understand the specialized needs of the wealthiest Buyers and are the right choice for the buying or selling of a home in La, Jolla, California.
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Gregg and Lisa Whitney realize that you are probably in the information gathering stage of your process, and we want to provide assistance to you in any of your La Jolla, California Real Estate needs. If you would like to talk to Gregg or Lisa Whitney in person, feel free to call Whitney and Associates at our main line at 858-456-3282.
When you are ready to invest in the real estate market let us help you. After all, we are the experts in La Jolla, California Real Estate.

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