New research has found that it is becoming increasingly common for people to use investment management services.
Every financial planner and adviser contacted said that the percentage of assets managed via an investment management service had risen since 2023, and there is every expectation of a further increase by 2027. The findings also indicated that those financial planners who do not currently recommend tailored investment management services fully expect to offer them in the next four years.
Additionally, while 46% of advisers asserted that clients should have a minimum portfolio of £400,000 to be eligible for bespoke services, 9%, said they were willing to offer such services to clients in the £250,000 and £300,000 bracket.
These services are increasingly popular because they offer wealth managers and financial advisers strategic research capabilities and the flexibility to react rapidly to an evolving marketplace and specific client needs. This demand will continue to rise against a backdrop of an ageing population and more heightened awareness of the need to plan effectively for retirement.
The survey was conducted by independent research agency Pure Profile who interviewed 100 IFAs (independent financial advisers) and financial planners across the UK, including 75 who offer bespoke investment management or discretionary fund management services to clients. These services are offered by financial planners and advisers to help people better manage their wealth.
If you are considering your options for investment management in Cheshire, an earlier Financial Lives Survey carried out by the FCA in 2024 showed that the total number of people saving into pensions stood at 31.6 million in 2024 – a rise of 5 million since 2017, which is 58% of the entire adult population.
