Advised clients are four times more likely to have high levels of financial wellbeing than those that manage their finances solo, an Aegon report has found.
According to the report, fewer than one-in-ten (9%) of those without an adviser have a financial plan that stretches over 10 years, compared with 43% of advised clients. Those with an adviser also reported to have nearly three times as much in pension savings at £246,000, compared to £95,000 for non-advised people. This was also the case with non-pension assets. Advised clients had average savings outside of a pension of £65,000, while those without an adviser had £32,000. "Advisers have always been very focused on making sure they can boost their clients' wealth. But the boost to ...
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