Millennials place more value on advice than older investors - research

Legg Mason's Global Asset Management Survey found that, while 53% of those aged 18-39 were open to paying more than £150 per hour for advice, three-fifths of those aged 40 and above were not prepared to pay more than £50 for the service. The survey, which polled 5,000 high net worth investors around the world, found 60% of older UK investors placed "little or no value" on the services of investment advisers. Indeed, some two-fifths (39%) of those polled aged over 40 refused to pay anything at all for investment advice, the survey found. Of the remaining UK respondents, 37% indicated t...