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Wealth management customers purchasing through professional advisers Australia 2018

This statistic illustrates the results of a survey about the share of wealth management customers who purchased products through professional financial advisers in Australia in the twelve months to October 2018, by value of wealth management. During the year examined, 41.9 percent of respondents with managed wealth of 300 thousand Australian dollars or more purchased products through a finance professional. By comparison, 4.9 percent of respondents with managed wealth of 15 thousand Australian dollars or less purchased finance products through a professional.

Share of wealth management customers purchasing through professional advisers in Australia as of October 2018, by value of managed wealth management

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Source

Release date

December 2018

Region

Australia

Survey time period

November 2017 to October 2018

Number of respondents

34,393 respondents

Age group

14 years and older

Special properties

Australians holding superannuationa and/or managed funds

Method of interview

Face-to-face interview

Supplementary notes

Includes customers holding superannuation and/or managed funds purchasing them through financial planners or advisors working for a financial institution, independent financial planner or advisors and accountants.

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