Originally published: Financial Planning Today, 09 July 2024
More than nine in ten (93%) wealth managers and financial advisers reckon that social media noise around stocks makes it harder to give professional advice to clients, according to a new study.
Almost all the finance professionals surveyed (95%) said clients were influenced by social media activity around stocks.
The global research from risk consultants Ortec Finance questioned wealth managers and financial advisers whose organisations collectively manage approximately £1.207trn.
Independent research company Pureprofile interviewed 100 wealth managers and financial advisers located in the UK, Canada, Italy, the Netherlands, Germany and Switzerland whose organisations collectively manage around £1.207trn worth of assets for clients. The survey was conducted during April.
