Originally published: Money Management, 05 October 2021
Demand for financial advice is expected to surge, with 2.6 million non-advised Australians intending to seek help from a financial planner in the next two years, according to a report.
The annual Financial Planning Association of Australia (FPA) ‘Money & Life Tracker’ report, which surveyed over 2,000 Australians, found this figure was up significantly from 2.1 million in 2019 and double the level it was in 2015.
A majority of Australians maintained a DIY approach to their financial health during the COVID-19 pandemic with 88% feeling they can only trust themselves or their spouse/partner with their financial accountability.
The ‘Money & Life Tracker’ research was undertaken online in September 2021 by Pureprofile, with over 2,000 Australian respondents aged over 30 years old.
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