More than half (53%) of wealthier non-advised individuals feel confident enough to manage their own finances, which proved to be the main reason why they had not sought advice, research by Aegon found.
As part of its Advice Makes Sense initiative, Aegon conducted a study looking at how the public view financial advice. Those who are wealthy but do not take financial advice found the second biggest barrier to seeking advice was the cost (33%), with trust in advisers following third (24%). A further fifth (21%) said they already had financial plans in place. The research found that just under one in five (17%) wealthier individuals had an adviser, and the majority (94%) of those were either happy or very happy with the service they received. Aegon chief distribution officer Ronnie...
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