Portfolio construction – no need for an expert

Added 22nd November 2016

More than 60% of wealthy investors in Germany, Switzerland and the UK are “fairly” or “very” confident in their ability to construct investment portfolios without any outside help, according to a study conducted by asset management consultancy Cerulli.

Portfolio construction – no need for an expert

Cerulli, which interviewed 1050 retail investors with at least €200,000 in investable assets in five European countries, found only the majority of Spanish investors still lack the confidence to construct their own portfolios: only 26% of them feel comfortable doing so. Many Spanish investors have only recently started investing in liquid instruments, with most still holding the bulk of their savings in deposits.

"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," commented Barbara Wall, managing director at Cerulli.

Though Cerulli’s study was based on data gathered in only five countries, the American consultancy felt confident enough to make a sweeping conclusion: "The high confidence among investors in sophisticated markets reflects the level of financial education in Europe; it also suggests that investors in these countries might have a limited regard for professional advice," said Wall.

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About Author

Tjibbe Hoekstra

Senior Reporter

Tjibbe joined Expert Investor as a senior reporter in March 2014. Before moving to London he worked as a financial news reporter for various news outlets in Amsterdam, including Reuters and ANP, the main news agency in the Netherlands. He also worked for Fondsnieuws, a website and magazine for finance professionals in the Netherlands. Tjibbe holds a MSc in Public Administration and a post-graduate diploma in Journalism.



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