Findawealthmanager.com, a website which matches affluent individuals with wealth managers, has seen a 75% increase in the number of investors looking for professional advice on investments since the escalation of the Greek crisis earlier this month.
“Many DIY investors have enjoyed reasonable investment performance over the past few years as equity markets have risen on the back of economic stimulus,” said Lee Goggin, co-founder of the wealth management ‘dating’ website. “However, recent turmoil in Greece and what it means for European economic progress has unnerved many.”
“Affluent individuals are clearly nervous and looking for security for their assets,” he said. “This means more are seeking professional advice amid markets that are proving to be increasingly volatile and difficult to forecast.”
More anxiety to come
According to findawealthmanager.com, the number of users on the site who said they were worried about their investments more than doubled in June compared to May.
“Greece accounts for 2% of the might of the European economy but is contributing the majority of fear and unease for those with exposure to Europe,” Goggin added.
He said the Greek referendum on 5 July means there is more anxiety to come for investors as decisions about austerity and a possible exit from the euro are to be made by the people of Greece.
In April, the findawealthmanager.com announced it had secured funding to build up its business in Asia. The online service launched in Singapore last week.
