The average minimum investable amount set by advisers for their clients is almost £50,000, according to a poll of more than 200 practitioners.
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...
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