The Financial Advice Gap

Deloitte reveals that up to 5.5 million people will choose to stop using financial advisers or be unable to access financial advice

Alanna Petroff 30 November, 2012 | 1:23PM

This article is part of Morningstar’s special series about the Retail Distribution Review (RDR)It was updated in January 2013, after originally being published in November 2012.

As investors become more aware of the cost of financial advice, many will shun financial advisers and seek to invest on their own, according to a recent survey by Deloitte.

The survey and report, titled “Bridging the Advice Gap: Delivering Investment Products in a Post-RDR World”, estimates that  up to 5.5 million disenfranchised customers will choose to stop using financial advisers or be unable to access financial advice.

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About Author

Alanna Petroff

Alanna Petroff  is a financial journalist with Morningstar UK.

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