One in three families 'feel relieved' using the same adviser

Almost 40% found comfort in having family financial affairs in one place

Sahar Nazir
clock • 1 min read

A survey of advised clients found that 41% said they would feel relaxed sharing an adviser, as their family already trusted working with them.

Many felt that their family's pre-existing trust in their adviser would alleviate any concerns about sharing this professional relationship. This is according to M&G's Family Wealth Unlocked report for 2023. Meanwhile, 32% of respondents said they would "feel relieved" knowing that multiple family members with intersecting finances were using the same adviser. Furthermore, 39% of those surveyed stated that they would appreciate having all their family's financial matters consolidated in "one place" where they could review them together. However, 34% were comfortable with sharing an...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Titan Wealth to provide financial education to pro cricketers

Titan Wealth to provide financial education to pro cricketers

Professional sport comes with 'a very different financial journey'

Laura Miller
clock 16 September 2026 • 2 min read
CII New Gen group takes on young adviser shortage

CII New Gen group takes on young adviser shortage

Hollee Vivian launches initiative with adviser peers

Isabel Baxter
clock 15 September 2026 • 4 min read
News editor's view: The advice profession is getting bigger, but is it getting better?

News editor's view: The advice profession is getting bigger, but is it getting better?

The news editor's Friday Night Takeaway from 11 September

Isabel Baxter
clock 11 September 2026 • 3 min read