REPEAT-BMO Private Bank Changing Face of Wealth Study: Wealthy Minnesotans Among Most Likely in the Country to be Self-Made
- Almost eighty percent of wealthy Minnesotans are self-made, one of the highest percentages in the country - Eighty-five percent hold a college degree - Forty percent of Minnesota's affluent are women
(firmenpresse) - MINNEAPOLIS, MINNESOTA and ST. PAUL, MINNESOTA -- (Marketwired) -- 06/17/13 -- Today BMO Private Bank released the first in a series of studies examining the wealthy in Minnesota (defined as those with investible assets of $1 million or more). The inaugural report shows that 78 percent of Minnesota millionaires are self-made, one of the highest percentages in the U.S. Nationally, 67 percent of high-net worth Americans says they were primarily responsible for generating their own wealth.
"The large percentage of self-made millionaires demonstrates that the entrepreneurial spirit is alive and well in Minnesota," said Steve Marsich, Senior Vice President, BMO Private Bank. "Our state has a well-educated work force, is home to headquarters of several major businesses and possesses a population with a strong work ethic. It shouldn't come as a huge surprise that Minnesota is a fertile ground for businesspeople who are willing to build their own wealth."
Other key findings from the study included:
Key National Findings:
On a national level, the study found the following:
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 random sample of 482 American adults who have $1M+ in investable assets. The margin of error for a probability sample of this size is +/- 4.5%, 19 times out of 20.
Contacts:
Media Contacts:
Beth Copeland
317-269-1395
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Datum: 17.06.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 1237553
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MINNEAPOLIS, MINNESOTA and ST. PAUL, MINNESOTA
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Commercial & Investment Banking
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