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Investment Fraud Awareness

Reasons for Not Using Robo-Adviser: Older investors are most likely to avoid online advisers because they're happy with their current adviser Q Which of the following is the most important reason that you are not using an online investment adviser? By key segments [asked only of investors without an online investment adviser; n=200] Among investors without an online investment adviser Manitoba Investor Segments Investment Knowledge Adviser Segments Age Gender % who selected reason Non- frequent Frequent Low Medium High DIY Advised 18-34 35-54 55+ Men Women Happy with adviser Don't know enough 28% 24% 27% 26% 28% 6% 33% 21% 19% 38% 25% 30% 18% 13% 19% 17% 13% 19% 16% 12% 26% 10% 18% 16% Distrust investing online (22%) 15% 21% 21% 18% 26% 19% 21% 23% 17% 19% 20% Important to meet in-person 12% 10% 12% 10% 13% 6% 13% 9% 11% 14% 9% 15% Want to be able to choose stocks 2% 10% 1% 5% 10% 12% 3% 11% 2% 4% 6% 3% Adviser offers add'l services 6% 7% 5 1% 6 11% 8% 3% 8% 8% 5% 7% 7% 6% Fees too high 2% 5% 2% 2% 6% 13% --- 4% 3% 3% 6% 1% Worried: returns lower than investing myself 2% 6% 7% 2% 1% 2% 4% 7% 3% 2% 5% 2% Worried: if they went bankrupt 1% 4% 3% 2% 3% 1% 1% 3% 1% 2% 1% Worried: lower returns than traditional 1% 3% -- 1% 2% -- 1% -- 2%
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