Stock investing 'popular for Scottish wealth management'

Scottish wealth management professionals are likely to see clients with private wealth requesting stock investments, as a new report shows the asset vehicles are popular in the country.

Fair Investment Company reveals individuals living in Scotland may be most concerned with wealth management, as the nation invests 53 per cent more than the UK average.

While offshore private banking services could be in demand with some, a significant 84 per cent choose stocks and shares individual savings accounts, with the remainder picking alternative investment funds.

Head of pensions and investments at the group, Nick Scarrett, commented: "People in Scotland are out-investing the whole of the UK, which I suppose does go along with the stereotype that Scots are prudent with their cash."

Private wealth management may therefore be popular in the region, with many deciding to invest in luxury property, as the Bank of Scotland recently revealed the first six months of the year saw a 36 per cent increase in the purchase of homes worth £1 million. ADNFCR-2318-ID-800213798-ADNFCR