Financial confidence among clients on the up, say advisers

Client’s levels of financial confidence will have increased by this time next year, according to a targeted adviser poll conducted by IFA-owned and controlled platform Nucleus.
The findings, which are based on the views of 20 IFA firms which collectively have around £400m under advice, reveal that 70% of those questioned believe that levels of financial confidence among their client base will be at an increased level this time next year, while just 10% believe that confidence levels will have dropped.

In contrast to the above, the majority of those surveyed displayed a marked lack of confidence in the new government, with 60% of firms unsure of the coalition’s ability to have a positive impact on financial services in the UK.
The results, which represent the views of over one hundred individual advisers, indicate that IFAs do not believe client’s financial confidence will necessarily stem from the new government’s actions in the coming year.
Commenting on the results, John Moore, Chairman of the Nucleus IFA advisory board and Managing Director of IFA firm Central Investment Services Aberdeen 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 / doesn’t do, but from an empowered approach to your financial planning. The adviser / client relationship is becoming more and more important in this sense as a source of real engagement with an individual’s financial future.”