Nearly half of the nation’s wealthiest individuals believe their financial needs require them to work with specialists at multiple firms.

Some 43% of those who have a net worth of $5 million to $10 million believe no single firm has the expertise to meet all of their financial needs. The percentage who hold that view increases with wealth, rising to 47% of those who have a net income of $10 million to $25 million and 52% of those who have a net income of more than $25 million.

Nonetheless, a sizable percentage of the very rich indicate they are interested in consolidating the number of firms with which they work.

More than one-third (38%) say that one-stop shopping for financial products and services is either important or very important to them. Interest in provider consolidation is greatest (46%) among those who have a net income of $10 million to $25 million.

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