Wealthy downsizing in downturn

(01:59) Report

Oct 15 -America's richest families are doing some belt-tightening of their own as financial anxieties run high even among the wealthy, say advisers and managers.

A recent poll showed optimism among the wealthy was at a record low in September.

Conway Gittens reports from Boston.

SPEAKERS:

  • Charles Lowenhaupt, chairman and CEO, Lowenhaupt Global Advisors;
  • Jim Taylor, vice chairman, Harrison Group;
  • Tim Vaill, chairman and CEO, Boston Private Financial Holdings.

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