Research reveals improving investor confidence in financial advice

RichardsmallRecent research from  Legg Mason Global Asset Management, conducted just over one year since the implementation of the RDR (Retail Distribution Review), has revealed that 98 per cent of UK adults who used a financial adviser believed their adviser had their clients’ best interests at heart.

Director of Searchlight, Richard Pipe, feels that this is really positive news, and shows that the industry is moving in the right direction towards building an investment market that genuinely puts the consumer at the heart of it, and instills improved confidence.

Richard comments:

“I am delighted to see that the increased professionalism in financial services and the shift from sales to advice over recent years is finally leading to better client outcomes.   At Searchlight, we strive for 100% success in meeting our clients’ needs and expectations with openness, honesty and transparency”

The research interviewed 200 investors about their attitude to taking financial advice and formed part of a global research project to understand usage and attitudes to financial advice. Interestingly, the research also found that 89% of investors felt that their adviser presented them with investment opportunities that they wouldn’t have found on their own.

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