Investors are increasingly relying on financial advisers when making investment decisions, according to research from Avaloq.

According to the study conducted among 3,000 investors across six European and Asian markets, more than half (53%) consult industry professionals when making investment decisions, a rise of nine percentage points since 2022.

Financial advisers are the “go-to” source for investment advice, followed by news articles cited by 46%, up three percentage points since 2022.

Meanwhile, the study revealed investors are less likely to look to their friends and family when deciding how and what to invest in, with just a third (33%) relying on them for advice compared to 35% in 2022.

Investors cited additional income (50%) and retirement planning (43%) as the top factors driving them to invest. This was particularly notable among European investors where 51% are investing for additional income, an increase of 16 percentage points since 2022.

Additionally, the survey revealed that 27% of investors would now describe their investment approach as aggressive versus 20% 2022.

The percentage of investors describing their investment approach as very conservative (12%) dropped by three percentage points since 2022. Avaloq said this is a potential indication that appetite for risk is growing.

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