Investors these days are crossing over into alternate ways of managing their investments — with a sizeable segment neither relying on an advisor to handle their investments, nor doing it themselves, but combining the two. 

A study from Hearts & Wallets found that more than 7 million affluent consumers who use both self- and full-service financial services providers are redefining traditional delegator and do-it-yourself investment preference categories. 

According to the study, there's a major disconnect between what consumers say they do for investment advice and their actual behaviors. Study data indicate that only a shade more than half (53 percent) of investors who identify themselves as delegators, for example, and say they rely primarily on financial professionals to make investment decisions, worked with a full-service investment provider in 2014. 

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