69% of the UK’s wealthy who have a financial adviser say they are loyal to their adviser, according to new research.

41% of wealthy individuals have an adviser, while 25% use advisers intermittently.

According to a new report by CoreData Research, the relationship between high net worth (HNW) investor and adviser is strong with the latter being a key source of investment inspiration to Britain’s wealthy.

I addition, 67%) believe advisers can provide guidance around how to look after and grow their wealth. A similar number say they are loyal to their appointed adviser.

44% say they turn to advisers when looking for new investment ideas.

Meanwhile, one in two investors agree that financial advisers are experts in their field and seven in 10 would recommend their adviser to their fellow investors.

Craig Phillips, CoreData Research head of UK and Europe, said: “The research finds that female HNWs place greater trust in financial advisers than their male counterparts. This is also the case among older investors who also profess high levels of trust in their advisers.

“Considering the landscape for financial advice is somewhat precarious, endorsement from affluent investors is encouraging.”