More over 55s use web for advice than under 24s

The fund management group asked more than 2,000 people where they would seek financial advice and 14% of people aged over 55 would use the internet, compared to 12% of 18 to 24 year-olds. People aged between 35 and 44 have become twice as likely than those under age 24 to use the internet, with 24% citing it as the first port of call when seeking financial advice. John Morton, chief executive officer of Syndicate Asset Management, says: “There is a general misconception surrounding who uses the internet for financial advice. Traditionally it has been viewed as the young, the so-called ...