More wealthy people are logging on to social networking sites, including Facebook and Twitter, according to a report from Spectrem Group. The number of millionaires and ultra-high-net-worth individuals who report using social media has jumped over the last year. Almost half of U.S. millionaires are now using social media, Spectrem President George H. Walper Jr. says. "Providers who fall behind run the risk of frustrating their investors and losing customers," he says.

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