A desire to be in control of their own finances is the most-cited reason among investors who declare they are unwilling to pay for professional financial advice, according to a poll.
Just over half (54%) of some 1,000 investors surveyed by Morningstar indicated they would not pay for professional advice, with 29% of those expressing a wish to be the one in control of their investments. Just under a third (22%) said they believed they could do a better job, while a fifth listed lack of trust as a barrier. Only 5% of those surveyed said it was because they could not afford it. The study was conducted among 1,000 registered users of Morningstar.co.uk in April. Elsewhere, for those who say they are willing to use an adviser's services, the poll suggested reputation...
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