Have the ultra-rich changed?

The financial crisis has shaken everybody up, including folks who would seem to have it made ($30 million and up in investable assets). "My impression is that most of the very wealthy are feeling completely at sea right now," said one rich investor who was cited in a new report from the Economist Intelligence Unit. That may be pushing things (c'mon, $30 million!), but a number of patterns are emerging:

--Having been burned these past couple of years, rich people are less likely to trust the folks who manage their money.

--They're sticking to simple investments (even cash) rather than complex derivatives.

--Philanthropic giving has been down, but most intend to maintain or increase their level of donations.

--Forget about the new frugality - they're still spending the same amount as before the recession, though perhaps a little less noticeably.

There's more at the Wealth Report.