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Independent financial advisers trusted by UK millionaires

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01/06/2012
A study of UK millionaires commissioned by investment specialists Skandia UK has revealed that independent financial advisers continue to be the most trusted source of third party advice to help high earners meet their financial goals.
Independent financial advisers trusted by UK millionaires

A study of UK millionaires commissioned by investment specialists Skandia UK has revealed that independent financial advisers continue to be the most trusted source of third party advice to help high earners meet their financial goals.

The results of the latest millionaire monitor survey show that a third of those surveyed would trust a financial adviser to handle their money, give them good advice and help them meet their financial goals.

Financial advisers beat both banks and accountants as the most trusted source of advice. The majority of millionaires also trusted their own judgement when it came to making financial decisions.

The popularity of financial advisers is consistent with results from Skandia UK’s previous millionaire monitor report (June 2011), when respondents also selected this as their most trusted method of advice.

Graham Bentley Skandia UK’s head of investment strategy said: “The use of financial advisers by the UK’s wealthiest demographic demonstrates that there is a continued desire for quality investment and financial planning advice. With the upcoming regulatory changes affecting the financial landscape it is encouraging to see that high net worth and influential customers recognise and value the importance of seeking financial advice from qualified advisers.”

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