Men likely to find an IFA through work not family recommendation

Investec research reveals differences when men and women search for IFA

Sahar Nazir
clock • 1 min read

Men are most likely to find an IFA through their workplace, according to wealth manager Investec Wealth & Investment (UK).

The firm surveyed consumers with stock related investments, finding 24% of men are likely to secure an IFA through work. Comparatively, only 16% of women find an IFA in this way. Men are also more likely to find an IFA through their own research (23%), compared to women (18%). On the other hand, women are more likely to find an IFA through a family member (32%), compared to men (18%). On average people start using an IFA, wealth manager or financial planner when they turn 36, although generally women seek financial advice later in life (aged 41) than men (aged 35), the research not...

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