Story perspectives

Millionaires Ditch Wealth Managers for Personal Trainers

11/9/2025

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Summary

Story summary

The Long Angle survey of 114 individuals with net worths from $2 million to $25 million finds millionaires are increasingly dissatisfied with wealth managers and accountants.
Only one-third use a wealth advisor, and 20% plan to dismiss theirs because of high costs and poor service.
The survey shows higher satisfaction with personal trainers and therapists, as trainers score 9.3 on average, signaling a shift toward soft services in wealth management.

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Story summary

The Long Angle survey of 114 individuals with net worths from $2 million to $25 million finds millionaires are increasingly dissatisfied with wealth managers and accountants.
Only one-third use a wealth advisor, and 20% plan to dismiss theirs because of high costs and poor service.
The survey shows higher satisfaction with personal trainers and therapists, as trainers score 9.3 on average, signaling a shift toward soft services in wealth management.