Over 1,000 high net worth users of the website findawealthmanager.com were surveyed on a quarterly basis during the 18 months ending June.
At the end of June 77 per cent of those surveyed said they looking for a discretionary relationship, compared to 58 per cent in the three months ending March and 49 per cent at the end of December.
The website said 40 per cent of the high net worth individuals coming to the site had a DIY investment account.
When asked to describe their investing experience, 52 per cent of users said they had found success, against 9 per cent who admitted they were unsuccessful.
Lee Goggin, co-founder of findawealthmanager.com, said: “Retirees are now free to deploy their pension pots as they choose, which is great news. But individuals are going to have to arrive at a personalised investment strategy which balances risk and return to allow them to sustain their desired lifestyle for what is increasingly likely to be several decades.”
Graham Cross, chief executive of employee benefits adviser Helm Godfrey in the City of London said: “Some people enjoy DIY investing and want to continue ‘playing the markets’ with a small portion of their money, but when it comes to the serious stuff - like managing their pension pots - most realise it’s probably best to call in the experts.”
