Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

High net worth investors are yet to trust robo-advisers

High net worth investors are yet to trust robo-advisers

Only 12% of high net worth (HNW) UK investors trust robo-advisers to make investment decisions on their behalf.

According to a survey by fixed rate bond provider, Minerva Lending, HNW individuals still trust the advice of independent financial advisers (IFA)—with 72% of the 1,000 people polled saying they would trust their investment decisions to an IFA.

However, the survey showed the more popular option for investors (at 77%) was their own judgement and using personal contacts came in at 60%.

‘IFAs should be genuinely encouraged that nearly three-quarters of active investors would trust them to make investment decisions on their behalf,’ said Ross Andrews, director, Minerva Lending.

‘For robo-advisers and software-based investment management tools, the survey results are less uplifting. It seems that far more people with bigger sums to invest trust manual decision-making processes, whether by themselves or an IFA.’

Wealth managers also fared poorly in the survey with only 46% saying they would trust a discretionary manager to make their investment decisions.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter