Building a sizable portfolio and minimizing income taxes may be important objectives, but ultra-high net worth individuals are most likely to consult advisors about protecting their estates from taxation.

Retirement planning is the service most prized by high net worth individuals of all ages who use financial advisors.

New research by Spectrem Group shows ultra-high net worth individuals often own either a professional practice or a privately held business.

Individuals who have a net worth of at least $5 million are most likely to utilize Charles Schwab as the primary custodian for their investable assets.