CISI reveals sharp rise in people seeking financial advice

People signal growing concerns about cost-of-living crisis impact

Julia Bahr
clock • 2 min read

The impact of rising inflation and the ongoing cost-of-living crisis are leading to more and younger people to take financial advice, according to the Chartered Institute for Securities & Investment (CISI).

A national survey carried out by the CISI last week polled financial planners and received 59 responses on their attitudes and experiences around financial planning and clients, including key client trends.# More than 56% of financial planners, including certified financial planner professionals, said they were busier with existing clients than they were a year ago. Nearly 80% of those financial planners polled also said clients were concerned about the toll on their household from cost-of-living pressures.  Some 32% cited rising inflation as the biggest concern among clients when ...

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