High-net-worth individuals' top three financial priorities are protecting their wealth in order to afford a comparable lifestyle throughout their retirement, actively growing their current wealth to support the needs of their families and leaving an adequate estate to their loved ones, reveals a poll carried out by the deVere Group.

Asked by deVere Group financial advisers what their ultimate financial objective is, 47 per cent of the firm's clients who have a net worth of more than £1 million, and who took part in a worldwide poll, answered having the funds to maintain an equivalent lifestyle throughout their retired years. 34 per cent said they are looking to increase their existing wealth to provide for loved ones, whilst 19 per cent responded that it was to amass wealth to pass on to their heirs.

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Nigel Green, the chief executive of the deVere Group, one of the world's largest independent financial advisory firm, said: "We asked 232 of our high-net-worth clients one simple question: 'What do you really want from your wealth?'

"Their answers underscore that, despite their fortune, many have concerns about funding their retirement due to continually rising living costs and unexpected expenses, including medical bills.

"As even some of the wealthiest people in society are expressing worries about being able to afford the retirement they want, the importance of starting financial planning as early as possible is, once again, highlighted.

"Family obligations, such as school and university fees for children and grandchildren, and being able to leave loved ones a decent estate, were also major priorities for those we surveyed."

He adds: "Strikingly, it appears high-net-worth individuals understand that with great wealth comes great responsibility and they are keen to explore all the options available to them with a financial adviser in order to ensure that this responsibility is covered."