Consumers flocked to advisers during the credit crunch with requests for offshore investments particularly common, research suggests.
Analysis of statistics from Unbiased.co.uk’s Advice Drivers report suggests more than 33,000 consumers requested financial advice between July and September, a jump of 17% from the same period in 2006.
Requests for advice on offshore investment also rocketed to nearly 4,000 in the third quarter of 2007, up by 25% on Q3 2006, it found.
Unbiased.co.uk also says it received over half a million requests for details of a local adviser in the last 12 months.
It says most of these requests were for advice on retirement planning and mortgages, but adds, aside from increased demand for advice on offshore, savings and investments generally, there was also increased interest in personal protection and long-term care.
David Elms, chief executive of the firm, says: “Our figures go to show that when consumers are worried about issues in the global financial markets, their IFA is the first place they go to for help.
"Volatility in current financial markets and the changing legislative landscape here and across Europe has resulted in some uncertainty amongst holders of investment products.
“It is reassuring that people are continuing to value gold-standard whole of market advice on their portfolio from an IFA in order to best protect themselves against what may lie ahead.”
Consumers can obtain details of local IFAs who focus on specific product areas by clicking here or by calling 0800 085 3250.
020 7034 2636
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