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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 £118.7 billion in investments (as at 30 September 2019).

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: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

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

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

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.