As robo-advice becomes more popular, end investors throughout Europe have high levels of confidence in their ability to construct their own portfolios, says a report by Cerulli Associates. ‘European Investor Segmentation 2016: Building Bridges with Clients’ says in Germany, Switzerland, and the UK, at least 60 per cent of respondents say they are either ‘fairly’ or ‘very’ confident in their ability to adopt a ‘do-it-yourself’ (DIY) approach to investing. The one hold-out is Spain, where only 26 per cent of respondents have faith in their ability to use the DIY method. “In practice, investors might not have the time to build and monitor a portfolio and they do not necessarily believe that they could do so better than their advisors. Nevertheless, they feel that they could get by with a minimum level of guidance,” says Barbara Wall, managing director at Cerulli.
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