Financial advisers should get ready for a surge in new clients, research from Investec Wealth & Investment has shown.
Around six out of 10 stock market investors (59%) who do not get support from a financial adviser are considering doing so within the next two years.
In total, 29% are looking to get advice within the next 12 months.
Around 21% of them estimate they will have investible assets of £250,000 or more when they contact an adviser for help.
Altogether, 28% said planning for retirement was their reason for seeking advice, while 17% said it is because they are expecting an inheritance.
Overall, 19% of respondents said they do not have time to manage their investments or admit to doing a bad job and needing help.
Meanwhile, 13% believe they will need more help as the value of their investments increase.
Investec Wealth & Investment (UK) senior investment director, Nick Vaill, said: “Demand for advice is set to rise given the high number of retail investors who do not currently use an adviser who are considering seeking help in the next few years.
“It is good to see that retirement planning is the main reason for people to get support from an adviser, but it would be even better if people were planning as far in advance as possible and not waiting until the last minute.”
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