Research: 80% of high-net worth people seek advice

And despite many industry commentators expecting direct to consumer services to be used more widely after the Retail Distribution Review (RDR) is implemented, just 19% of those individuals questioned wanted to be self directed. The report, Winning Propositions: The consumer market post-RDR, from J.P. Morgan Asset Management (JPMAM) questioned 2,000 high mass affluent to high-net worth individuals with a gross household income in excess of £50,000. The report suggested that the number of these people looking for advice has increased, with 75% saying they had used an adviser in the past...