Concern for regulation drops in year following Consumer Duty
Increased concern over retaining existing clients and technology
Research
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More than half of advisers upping their AI spend
AI used to enhance internal processes rather than for client services
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Vanguard launches research centre to help advisers with ‘great wealth transfer’
The centre will offer insights on investing, portfolio management and financial planning
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A third of wealth managers struggling with three-month long onboarding
Only 13% of professionals surveyed said onboarding takes a week or less
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Two in three wealth managers still bullish on equities halfway through election-packed year
Sentiment towards equities has improved markedly over the past year
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One in five clients leave wealth firms due to complaint handling
Complaints procedures ‘still leave a lot to be desired’
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Men first use an adviser six years earlier than women
Research also looked at how people find an adviser
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Advisers should expect ‘surge in new clients’
Investec Wealth & Investment found many stockmarket investors considering seeking advice
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Women value ‘personal service’ from wealth managers more
JM Finn publishes report entitled Wealth in Women’s Hands
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Election prompts four in 10 investors to tweak portfolios
Only 13% looking to increase their investments in the UK market
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Adviser exodus looms with half planning to retire in the next five years
One in three said they intend to retire before age of 50
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Advisers need better ‘emotional intelligence and empathy’ report says
The Financial Advice Paradox report highlighted areas for improvement