Investors are increasingly relying on industry professionals such as financial advisers when making investment decisions, according to research from Avaloq.
The study, conducted among 3,000 investors across six European and Asian markets, found that 53 percent of investors consult industry professionals when making investment decisions, a figure that has risen by nine percentage points since 2022.
Professionals are the "go-to" source for investment advice, followed by news articles (46 percent).
Meanwhile, investors are less likely to look to their friends and family when deciding how and what to i...