Advisers set clients £48.5k investable minimum

Prospective customers need at least £48,487 in investable assets to receive bespoke advice, according to the Yorkshire Building Society, which also found that almost half of UK consumers have less than £10,000 to invest. The findings come from online interviews with 211 advisers and 2,169 adults in September. The minimum investment amount cited by advisers echoes sentiments from other providers. A Defaqto report published last year concluded that, among the main high street banks, some defined their 'sweet spot' customers as those with a minimum of £50,000 or £100,000 in savings and i...