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Slight drop in financial adviser confidence across all jurisdictions


According to a survey of financial advisers by Old Mutual International, part of Old Mutual Wealth, adviser confidence in the markets it operates across has dipped slightly compared to a year ago.

Adviser confidence on a scale of 1 to 10 (10 being highly confident):

Confidence in the global economy is now 6 out of 10, a slight fall of 6.3% (from 6.4 in 2014). Confidence in the advisers’ local economies is also 6 out of 10, a fall of 9.1% (from 6.6 in 2014).

Comparing confidence levels across the different regions, advisers in the UAE have the highest level of confidence in the global economy scoring 6.4 out of 10. Advisers in both the UK and the UAE have the highest level of confidence in their local economies, scoring 6.5 out of 10.

Singapore is the region with the greatest drop in global confidence, falling 14.9% to 5.7

Advisers in Europe continue to have the lowest confidence in their local economy.

Dean Bowden, investment solutions expert, Old Mutual Wealth:

“Looking at the wider economic picture you can understand why confidence has faltered slightly. Most economies seem to have some challenges; including the continuing uncertainty in Europe, the uncertainty inherent in the general election in the UK, Chinese economic growth slowing to its lowest pace since 1990, and the IMF downgrading its global economic growth forecast by 0.3% to 3.5%. However, in-between the negative headlines there are signs of positivity, such as QE finally being rolled out in Europe and Chinese growth, whilst slowing, is still expected to be over 5%, suggesting global growth is not collapsing.”


*Old Mutual International Adviser Survey, Q1 2015, 489 advisers took part in the survey from a number of jurisdictions. 

For more information contact

Tim Skelton-SmithOld Mutual Wealth02380 916 99807824 145

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.1 billion in customer investments (as at 30 September 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.