Wealthy Savers and Investors Consumer Report 2022: Highest Average Level of Investible Wealth is Owned by Wealthy Investors Aged 55+

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May 05, 2022, 14:15 ET

DUBLIN, May 5, 2022 /PRNewswire/ -- The "Wealthy Savers and Investors 2022: Consumer Research Report" report has been added to ResearchAndMarkets.com's offering.

Wealthy Investors are defined as UK consumers with investible wealth held in savings, investments or defined contribution (DC) personal pensions of £100,000 and above. The report considers the composition of Wealthy Investors' wealth, how Wealthy Investors invest money, their use of financial advisors, their financial priorities, and their exposure to scams and investment misselling.

For this report, the publisher commissioned Maru/Blue to conduct a survey among its online panel, drawing on a nationally representative sample of 2,148 UK adults aged 18+. This generated a sample of 326 individuals who own combined investible investment, savings, and private pension wealth of £100,000 and above.

Wealthy Investors as defined in this report, represent 15% of all consumers. Wealthy Investors, as might be assumed, tend to be more affluent, from higher social grades compared with other consumers. The likelihood of a consumer being a Wealthy Investor tends to rise with income, social grade, and age, with men more likely to be Wealthy Investors compared with females. The highest average level of investible wealth is owned by Wealthy Investors aged 55+. Wealthy investors aged 55+, collectively own 62% of all the investible wealth owned by UK consumers.

Other findings from this report include:

Over nine-in-ten Wealthy Investors hold all or some of their investments inside an ISA.
Almost one-third of Investors use a fund/investment platform.
Most Wealthy Investors can be classified as Careful Investors, i.e., Investors who both weigh up the features of an individual investment product and compare at least two alternatives before buying. This contrasts with Impulse Investors.
Four-in-ten Wealthy Investors have used a financial advisor over the past three years and one-quarter rely heavily on advisors to manage their finances.
Very few Investors currently use Robo Advisors but there is widespread interest in these services from both Investors who currently take regulated financial advice and those that do not.
Almost one-quarter of Wealthy Investors have been approached by firms whose actions are indicative of fraudulent, mis-selling or scam activity. The most common approach is by firms who tried to sell Investors very high-risk products unsuitable for their needs, firms who tried to sell Investors products that are not regulated in the UK, and from firms who said they can help Investors get money back from failed investments or a scam.

Key Topics Covered:

1. Executive Summary

15% of Consumers Are Wealthy Investors
Wealthy Investors Have Three Main Types of Financial Priorities
Retail Investment and Pensions The Core of A Wealthy Investor'S Portfolio
Over Half of Wealthy Investors Have Made New Investments
Wealthy Investors Frequently Assess Their Portfolios
Most Investors Make Comparative Choices Before Investing Their Money
When Choosing An Investment Product, Risk Is A Key Consideration
Four-In-Ten Wealthy Investors Have Used A Financial Advisor
Robo Advice, Little Used But With Potential
One-Third of Wealthy Investors Exposed To Scams, Frauds and Mis-Selling

2. Introduction

3. Who Are Wealthy Savers and Investors?

15% of Consumers Are Wealthy Investors
The Investing Spectrum
The Typical Wealthy Investor Has Almost £400,000 In Investible Wealth

4. Investing Preferences and Goals

Wealthy Investors Focus On The Long-Term and Are Confident Achieving Their Goals
Wealthy Investor Confidence Supported By Greater Understanding of Risk
Risk Appreciation Makes It Easier To Invest Over The Long-Term

5. Composition of Wealth

Wealthy Investors Rely Heavily On Investments and Pensions For Their Wealth
The Majority of Wealthy Investors Own All Three Asset Types
Wealthy Investors Owning Funds Prefer Actively Managed Funds
Almost All Wealthy Investors Hold Some Investments Inside An Isa Wrapper

6. How Wealthy Investors Invest Their Money

A Majority of Wealthy Investors Have Made New Investments Over The Past Year
Wealthy Investors Check Their Savings and Retail Investment Portfolios Frequently
Around One-Third of Wealthy Investors Use Investment Platforms
Online Channels Are The Most Popular Method of Investing

7. The Drivers of Product Choice

Wealthy Investors Contrast and Compare Products Before Buying
Two Groups of Investors
Risk The Main Factor Considered By Wealthy Investors When Investing

8. Getting Advice and Sourcing Information

Use of Financial Advisors Increases With Wealth
Young Affluent Wealthy Investors Rely The Most On Financial Advice
Independent Financial Advisors Are The Most Popular Type
Not All Wealthy Investors Feel They Need Financial Advisors
Does Robo Advice Have A Future With Wealthy Investors?
Financial Advisors Complement Rather Than Substitute Investor Knowledge
Its Horses For Courses When It Comes To Arrangements With Financial Advisors
Advice Takers Also Gather Their Own Information

9. Susceptibility To Scams and Mis-Selling

Over One-Third of Investors Possibly Exposed To Fraudulent Activities and Attempted Scams
Younger Wealthy Investors The Most Exposed

For more information about this report visit https://www.researchandmarkets.com/r/elbagq

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