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Financial confidence on the up
Client’s levels of financial confidence will have increased by this time next year, according to Nucleus.
In a survey of advisers carried out by the platform provider, 70 per cent believed clients would be more confident this time next year.
The survey included 20 companies with a total of £400m under management.
Ten per cent of those questioned believed confidence levels among clients will fall in the next year, while 60 per cent admitted they lacked confidence in the new coalition government's ability to have a positive impact on UK financial services.
John Moore, chairman of the Nucleus IFA advisory board and managing director of Central Investment Services in Aberdeen, said the results showed that financial confidence was not totally dependent on government policy.
He said: "At the end of the day, when someone needs financial guidance they will turn to a trusted independent adviser, someone who knows them and what’s right for their needs.
"Feeling more confident about your finances doesn’t necessarily stem from what the government does or doesn’t do, but from an empowered approach to your financial planning.
"The adviser and client relationship is becoming more and more important in this sense as a source of real engagement with an individual’s financial future."
