Three quarters of investors who consulted an adviser before making portfolio changes are optimistic about their long-term financial prospects, according to a survey by Lloyds TSB Wealth Management.
Investors who have taken advice from a financial adviser have the most confidence in the stock market at 38% and 31% of investors with a financial plan feel confident in the stock market. A total of 22% of investors without a plan feel confident. The survey also examines investor confidence following the volatile summer and shows 54% feel well informed about the stock market activity over the past three months, with 71% following newspaper stories about the credit crunch. Only 15% feel uninformed about the recent turbulence. Nathan Moss, managing director of wealth management at Lloyds...
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