51% of consumers are financial Have Nots Based on their ownership of a range of financial assets, including cash savings, retail investments, private and workplace pensions, consumers split into two roughly equal camps. 51% fall into the Have Nots camp and 49% into the Haves camp. Haves, as their name implies, own a wide range of financial assets and are especially likely to hold some...
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15% of consumers hold over £100,000 in investible wealth Wealthy Investors are defined as UK consumers with investible wealth held in savings, investments or defined contribution (DC) pensions of £100,000 and above. Wealthy Investors as defined in this report, represent 15% of all consumers. The typical Wealthy investors has, in average, £373.535 in investible wealth. These findings come from the IRN Research report Wealthy Investors...
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36% of Investors have used financial advisors over the past three years 36% of Investors (equivalent to 18% of all consumers) have used a financial advisor in the past three years, where financial advice must be paid for and is personal to the Investor (e.g. it is regulated financial advice). These Advice Takers generally use the same advisor across multiple financial products, with three-quarters using...
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50% of consumer own investment products Consumers split into two even camps: 50% can be defined as Investors (i.e., they own at least one type of investment product), with the other half not owning any form of investment product (i.e. non-Investors). These findings come from the IRN Research report How Consumers Invest 2022, published today. Investors, as might be assumed, tend to be more affluent,...
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Over £4 billion earned by financial advisors in 2020 In 2020, intermediaries and advisors offering advice on retail investments earned over £4 billion in revenue. IRN expects this to have risen to near £5 billion in 2021. These findings come from the IRN Research report Retail Financial Advisors 2021. 2020 was a difficult year for financial investing given the COVID crisis but markets recovered in...
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