Principal: We have found a new species of investor

clock •

They are well off and willing to spend, but until now have remained beyond the reach of most advisers, says Principal Investment Management.

The Mass Affluent Yet Overlooked (MAYO) is a new breed of potential client discovered after fresh research by the asset management specialists. "Our survey shows the MAYOs are willing to invest: they have the funds and the desire - they just need the right specialised investment service," says Principal's sales and marketing director Adrian Jewitt. Despite MAYOs having investible assets, excluding property, of more than  £20,000, Principal says few receive investment advice or the level of personal attention they expect. Research conducted by the group gauging the views of 1,000 su...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

Budget 26: Stamp Duty on shares to be swapped for Securities Transfer Tax

By late 2027

Patrick Brusnahan
clock 28 October 2026 • 1 min read
Investment tax relief rises by smallest amount in four years amid recent Budget measures

Investment tax relief rises by smallest amount in four years amid recent Budget measures

Bowmore Financial Planning research

Jack Roach
clock 28 October 2026 • 2 min read
Defaqto to launch rating for newer funds and portfolios

Defaqto to launch rating for newer funds and portfolios

Combines Defaqto and RSMR expertise

Jen Frost
clock 27 October 2026 • 2 min read