Wealth managers across Europe have admitted to being surprised by the investment decisions of their clients, a study by behavioural finance experts Oxford Risk suggests.
According to a survey of wealth managers in the UK, France, Italy, Spain and Ireland responsible for €328bn in assets, around seven in ten (68%) admit they are surprised by the decisions their clients make. This is despite the research also showing that 80% of wealth managers surveyed claim they have a very good understanding of their clients' psychological profiles when it comes to investments. Private markets allocation boom may be 'overblown' Nearly two-thirds (62%) of respondents believe emotional decision-making costs the average investor over 100 basis points of investable w...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
