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Over 80% of Singaporeans prefer professional advice before making major financial decisions amid increasing market volatility

Lim Hui Jie
Lim Hui Jie • 3 min read
Over 80% of Singaporeans prefer professional advice before making major financial decisions amid increasing market volatility
A new survey by St. James’s Place Wealth Management Asia has revealed 51% of Singaporeans believe they could have achieved better investment outcomes in the past five years if they had engaged a financial adviser.
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A new survey by St. James’s Place Wealth Management Asia (SJP) has revealed over half of Singaporeans (51%) believe they could have achieved better investment outcomes in the past five years if they had engaged a financial adviser.

This comes amid growing interest in retail investing and the emergence of new tools in the investment landscape such as digital brokerages and robo-advisory services.

The survey interviewed a total of 2,064 respondents in Singapore and Hong Kong who were between 25 to 54 years old. The participants held personal investments in stocks, property, shares, funds, and other assets, and were from households with a minimum annual income of $70,000 to over $250,000.

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