In addition to minimizing asset losses, advisors influenced their clients’ psychological well-being. Almost 9 in 10 millionaires (85%) stated that contact with their financial advisors helped them feel more comfortable that they could cope with the crisis. In addition, millionaires who work with advisors are less likely to worry about managing their investments than are millionaires without advisors (50% vs. 55%). Similarly, millionaires with advisors are less likely to worry about tax planning than are millionaires without advisors (28% vs. 32%). Millionaires with advisors also benefit from a perception of a simpler financial life: fewer than half (49%) of millionaires with advisors seek to simplify their financial life, compared with 54% of millionaires without advisors. Overall, millionaires who work with advisors tend to share a more optimistic outlook (62%) than their peers who do not have financial advisors (56%).