17% sought financial advice in 2011

Last year, 17 per cent of people in Great Britain sought the help of a professional financial adviser. The results of a survey of 2,064 adults were published this week in the ‘Consumer Awareness of the FSA and Financial Regulation’ report, compiled by the Financial Services Authority (FSA).

Of those 17 per cent, nearly half (47 per cent) went to an independent financial adviser.

Overall, the wealth management service consumers got from these qualified advisers was highly rated, with 61 per cent confident that the advice they received was appropriate to their circumstanceThis compares to just 33 per cent of those who went to their bank for financial advice.

Only two in one hundred of those who visited a financial planner were not confident about the help they received. 

The FSA said: “It is important that when people receive financial advice it is appropriate to the individual’s circumstances and they have confidence and trust in the advice received.

© 2012 evolve wealth news team