Six in 10 UAE investors trust financial advisers but high fees are still an issue – The National

Six in 10 UAE investors trust financial advisers but high fees are still an issue – The National

Investors like working with innovative advisers and those employing AI to pick investments, new study finds. Six in 10 UAE investors trust the investment management industry compared to four in 10 globally but high fees is the top reason they would stop working with an advisory company, a new study found.. While 60 per cent of UAE respondents believe their financial advisers are trustworthy, according to the CFA Institute's report, Earning Investors' Trust: How the Desire for Information, Innovation, and Influence is Shaping Client Relationships, the global response is just 40 per cent.. Meanwhile 79 per cent of UAE investors say that trust is driven by technological innovation in the sector, as well as the human touch advisers provide.. 66 per_cent of those polled would consider the use of AI to advise and select investments.. The study surveyed more than 4,000 retail and institutional investors in 15 markets across the globe.. The CFA survey, meanwhile, found that three-quarters of UAE investors still trust traditional investment advice involving interaction with a human and experts in the industry.. Robo-advisers, which rely on AI to put together an investment portfolio suited to investors' risk appetite, are gaining popularity among young professionals.. Robo-adviser