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
Signup and gain exclusive members-only insights
- 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
