Advisers expect an anticipated increase in self-directed investment following the introduction of the Retail Distribution Review (RDR) will lead to more work for them, research suggests.
Almost half (45%) of the 188 advisers questioned by Axa Wealth said they believed that the predicted increase in do-it-yourself investment solutions would lead to more people seeking financial advice.
The figures come from research conducted by YouGov. As well as asking advisers, some 256 UK-based adults were also questioned.
Mike Kellard, chief executive officer at AXA Wealth, said: "Self-investing is not new, but with the abolition of commission on investment products, it is perhaps logical that some people may look to avoid paying a fee for financial advice for more simple transactions such as ISAs.
"However, services that help consumers do-it-themselves, may well re-awaken investor's appetites to invest and provide opportunities for advisers to offer value-added services as their client relationships develop."
Despite the optimism of advisers, more than half of investors said they intended to make simpler financial decisions alone.
However, 54% of those questioned who currently use a financial adviser said that they would continue to rely on them for more complex investments, such as pensions, but would invest directly for other transactions.
Almost a quarter (23%) still want their adviser to assist them with all investment decisions, with more than two thirds (68%) saying this is because of the valued relationship they have with their financial adviser.
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