Retail investors used to managing their own affairs kept their hands more firmly in their pockets last year, according to research showing a shrinking DIY market.
Do-it-yourself investors accounted for a total of £345bn invested in 2022, analysis by researchers at Boring Money found. While this was a small increase of 3.8% for the final quarter, it meant DIY assets closed the year 8% lower, as markets struggled and consumer confidence fell. Growth slows and assets shrink at Hargreaves Lansdown as interest rates rescue revenue However, there was increased, though slowing, demand for self-management accounts. The number of DIY accounts hit an all-time high of 9.54 million last year, up from 5.7 million accounts in the fourth quarter of 2019...
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