Receiving an inheritance was one of the main drivers behind people seeking a financial adviser through the course of the pandemic, according to a quarterly survey by LV=.
One-in-five people aged 18-34 sought advice after receiving an inheritance, according to LV= Wealth and Wellbeing Monitor, which it said was especially true for the "mass affluent" - those with assets of between £100,000 and £500,000, excluding property. Some 22% of those who sought advice did so after receiving an inheritance. The survey examined consumer attitudes to spending, saving and retirement among more than 4000 people over September 2021. It also looked at the attitudes of affluent consumers, a key target market for financial advisers. It also found that, for the population...
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
