Affluent Brits are more likely to attribute their wealth to investing in financial markets than in property, according to a survey by wealth manager Brown Shipley.
The survey of 4,000 high-net-worth UK adults found that 35% attribute their wealth to investment performance, up from 30% in 2023 and at a similar level to the 34% reported in 2020.
Meanwhile, 19% said their wealth was owing to property investments, down from 22% in January 2024 and 27% in 2020.
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Some 22% say they are investing more in markets, while 29% say they plan to in the next three years.
“The results of this survey underscore the importance of portfolio diversification as part of any investment strategy, which is particularly important as our clients navigate challenging market conditions and changes to fiscal policy,” said Dominic Kohler, head of investment & client solutions at Brown Shipley.
“As a UK private bank with more than two centuries of heritage, we have a rich history supporting families from one generation to the next as they make complex financial decisions.”
While just 14% of those aged 55 and over attributed their wealth to property investments, the figure rose to 29% for 18-34 year old affluent Brits.
Aim stocks
The survey also highlighted changing sentiment as a result of tax changes announced in the Budget last October.
Following the reduction in inheritance tax (IHT) relief for investments in the Alternative Investment Market (Aim), 36% of those surveyed say they are now less likely to invest in Aim stocks than they were a year ago.
This story was written by our sister title, Portfolio Adviser
