Investors back IFAs over robo-advice in trust survey

One in ten (12%) trust robo-advice

Victoria McKeever
clock • 1 min read

Nearly three-quarters (72%) of active investors trust IFAs to make investment decisions on their behalf compared to just 12% who gave their backing to robo-advice, a survey has found.

A survey from Minerva Lending also found only 35% of active investors said they would trust a stockbroker with an investment decision. Above all else, however, investors polled trusted their own judgement, as more than three-quarters (77%) selected this option for making investment decisions. The firm, a fixed rate bond provider, surveyed 1,000 UK adults aged 36 and over with investable assets of more than £50,000, in June 2017. When it came to finding an advice source, three-fifths (60%) of active investors said they would make decisions on the back of personal referrals from fami...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Chris Justham: Why the industry must 'entertain and engage' investors

Chris Justham: Why the industry must 'entertain and engage' investors

‘We can’t just offer them a dry cracker and ask them to chew it down’

Chris Justham
clock 07 October 2026 • 3 min read
Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Jupiter Merlin makes 'keystone' changes and cuts charges on Select range to attract advisers

Two new funds launched

Michael Nelson
clock 06 October 2026 • 6 min read
Darius McDermott: Is it time to take another look at China?

Darius McDermott: Is it time to take another look at China?

'It has been a difficult period for the Chinese stock market'

Darius McDermott
clock 06 October 2026 • 5 min read