Millennials happy to pay £28.50 an hour for advice - research

Generation Austerity: Brexit and Beyond, which takes into account the views of 1,000 18 to 25 year-olds, is published as new services such as robo-advice raise doubts about the advice sector's ability to capture younger clients. According to the report, millennials would be willing to pay an average of £28.50 per hour for financial advice, which is considerable lower than the industry average hourly rate of £150 charged by advisers. The research shows that just over half (51%) of millennials would not pay for advice at all. Of the millennials who were prepared to pay for professional ...