Most financial advisers are not adding younger clients to their books as do-it-yourself (DIY) or robo-advice remains that cohort’s general preference, Nucleus has found.
In its Voice of the Adviser report released today (9 July), the provider found that when advisers were asked if they are seeing a younger demographic accessing their services, 44% said yes whilst 56% said no. When it comes to what stands in the way, the report found that advisers pointed to cost, limited investable assets, and a general preference among younger clients for DIY or robo-advice. Others mentioned apathy or a lack of understanding about the value of financial advice. Source: Nucleus The report found tha...
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