Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to new research from Investec Wealth & Investment.
Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to new research from Investec Wealth & Investment. The research found that more than a third (37%) of accountants had experienced an increase in demand for advice about finance during the previous 12 months while a large majority (75%) of those surveyed said that they were asked for advice on pensions, and close to 60% of the sample were asked to give advice about inheritance tax planning. Around 40% of the queries related specifically to income and capital gains tax on investments, windfalls and potential investment opportunities.
The accountants reported that the reasons for the increase in demand by clients for financial advice related to a heightened awareness of inheritance planning (70%), a rise in client liquid assets (39%) and an increase in property transactions among clients (33%). More than two thirds (69%) of respondents saying they referred clients seeking financial advice to a financial adviser, while 20% said they provided the advice themselves. A further 4% said they referred them to someone other than a financial adviser, with 6% declining to help their clients.
Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to new research from Investec Wealth & Investment.
Accountants have experienced a sharp rise in demand for financial advice over the past 12 months, according to new research from Investec Wealth & Investment. The research found that more than a third (37%) of accountants had experienced an increase in demand for advice about finance during the previous 12 months while a large majority (75%) of those surveyed said that they were asked for advice on pensions, and close to 60% of the sample were asked to give advice about inheritance tax planning. Around 40% of the queries related specifically to income and capital gains tax on investments, windfalls and potential investment opportunities.
The accountants reported that the reasons for the increase in demand by clients for financial advice related to a heightened awareness of inheritance planning (70%), a rise in client liquid assets (39%) and an increase in property transactions among clients (33%). More than two thirds (69%) of respondents saying they referred clients seeking financial advice to a financial adviser, while 20% said they provided the advice themselves. A further 4% said they referred them to someone other than a financial adviser, with 6% declining to help their clients.
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