London; 10 February 2025: Wealthy Brits are notably more likely to attribute their wealth to investments in financial markets than in property, according to the latest research by Brown Shipley, the UK wealth manager and subsidiary of Quintet Private Bank.
According to the results of a recent survey of 4,000 UK adults commissioned by Brown Shipley, 35% of those surveyed attribute their wealth to investment performance, up from 30% in 2023 and approximately in line with the 34% reported in 2020. Meanwhile, 19% of affluent Brits now attribute their wealth to property investments, down from the previous January 2024 survey findings and approximately in line with the 34% reported in 2020. Meanwhile, 19% of wealthy Brits now attribute their wealth to property investments, down from 22% in January 2024 and 27% in 2020.
Wealthy Brits are seeking to continue to take advantage of robust financial markets. Over one fifth (22%) of those surveyed say they are investing more money in markets, while nearly one third (29%) say they plan to do so in the next three years.
At the same time, however, tax changes announced in the latest UK Budget have prompted many affluent individuals to review their investment strategy. Following the announcement of the reduction in inheritance tax relief for investments in the Alternative Investment Market (AIM), over one third (36%) of those surveyed say they are now less inclined to invest in AIM stocks than they were a year ago.
Wealthy Brits are seeking to continue to take advantage of robust financial markets. Over one fifth (22%) of those surveyed say they are investing more money in markets, while nearly one third (29%) say they plan to do so in the next three years.
The research also identified regional differences, with three in ten (31%) London residents attributing their wealth to property, compared to one in ten (10%) Welsh residents. This likely at least partly reflects regional differences in UK property values.
“The results of this survey underscore the importance of portfolio diversification as part of any investment strategy, which is particularly important as our clients navigate challenging market conditions and changes to fiscal policy,” said Dominic Kohler, Head of Investment & Client Solutions at Brown Shipley. “As a UK private bank with more than two centuries of heritage, we have a rich history supporting families from one generation to the next as they make complex financial decisions.”
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The information contained in this press release is based on a survey of a representative sample of 4,000 UK adults (18+) between 24-30 December 2024, conducted on behalf of Brown Shipley by Opinium Research – it is intended solely for journalists and should not be used to make financial decisions.
