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...

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