Investors back IFAs over robo-advice in trust survey

One in ten (12%) trust robo-advice

Victoria McKeever
clock • 1 min read

Nearly three-quarters (72%) of active investors trust IFAs to make investment decisions on their behalf compared to just 12% who gave their backing to robo-advice, a survey has found.

A survey from Minerva Lending also found only 35% of active investors said they would trust a stockbroker with an investment decision. Above all else, however, investors polled trusted their own judgement, as more than three-quarters (77%) selected this option for making investment decisions. The firm, a fixed rate bond provider, surveyed 1,000 UK adults aged 36 and over with investable assets of more than £50,000, in June 2017. When it came to finding an advice source, three-fifths (60%) of active investors said they would make decisions on the back of personal referrals from fami...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

'New normal': Lessons for investors against a backdrop of uncertainty

'New normal': Lessons for investors against a backdrop of uncertainty

'There is a sense that the markets may have entered a new phase'

Kate Rainbow
clock 10 April 2025 • 3 min read
Global small-caps and the case for direct engagement

Global small-caps and the case for direct engagement

'We firmly believe these interactions have significant merit'

Tobias Bucks and Simon Wood
clock 07 April 2025 • 4 min read
Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

Into the Spider-Verse we go: Chris Justham assesses Trump Mk II

'The cognitive dissonance when your beliefs don't add up cause very real pain'

Chris Justham
clock 04 April 2025 • 3 min read