Mass affluent investors willing to go solo

Professional Adviser
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Nearly 40% of 'mass affluent' investors, those with at least £30,000 to invest, feel confident en...

Nearly 40% of 'mass affluent' investors, those with at least £30,000 to invest, feel confident enough to manage their own investments, according to research conducted for HSBC. However, the research revealed that that almost two-thirds of the mass affluent have their investments managed for them or rely on professional advice. Younger investors are more likely to feel confident enough to manage their own investments and the requirement for professional advice is strongest for people aged between 55 and 64 years old and the retired. It was found that a fifth of the mass affluent have no ...

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