The most common reason retail investors would consider leaving their adviser or asset manager is underperformance, according to a survey from 2021. The share of retail investors, who are working with advisers, who stated this to be the most likely reason was 40 percent. The other main reasons were that fees are too high, data or confidentiality breach, lack of communication, or lack of responsiveness.
Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022
3,588 retail investors and 976 institutional investors from 15 markets worldwide were surveyed. Participants ranged in age from 25 years to over 65 years old.
Respondents could select up to three items.
The majority of participants came from the U.S. (500 survey participants).
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CFA Institute. (April 18, 2022). Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022 [Graph]. In Statista. Retrieved December 06, 2024, from https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/
CFA Institute. "Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022." Chart. April 18, 2022. Statista. Accessed December 06, 2024. https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/
CFA Institute. (2022). Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022. Statista. Statista Inc.. Accessed: December 06, 2024. https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/
CFA Institute. "Main Reasons Retail Investors Would Consider Leaving Their Adviser/Asset Manager Worldwide from 2020 and 2022." Statista, Statista Inc., 18 Apr 2022, https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/
CFA Institute, Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022 Statista, https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/ (last visited December 06, 2024)
Main reasons retail investors would consider leaving their adviser/asset manager worldwide from 2020 and 2022 [Graph], CFA Institute, April 18, 2022. [Online]. Available: https://www.statista.com/statistics/1228727/reason-to-leave-advisor-asset-managers-among-investors-worldwide/