Originally published: Peer2Peer Finance News, 07 December 2022
More than 73 per cent of wealth managers believe emotional decision-making costs investors returns, according to European research from behavioural finance experts Oxford Risk.
The study of wealth managers across Europe, who collectively manage assets of around €327bn (£282bn), found that nearly two-thirds (63 per cent) believe emotional decision-making costs the average investor more than one per cent of investible wealth each year. Around 15 per cent believe the cost is more than two per cent on an annual basis.
The research was conducted by independent research company Pureprofile, which interviewed 150 wealth managers in the UK, France, Italy, Spain, and Ireland during September 2022.
