Over half of people who are classified as high-net-worth-individuals (HNWIs) have admitted they have been tricked by a financial scam in recent years.
This figure rises to almost two-thirds of wealthy individuals who have assets of more than £2million.
As part of their research into financial scams and fraud in the UK, Saltus Wealth Index spoke with 1,000 people who had assets over £250,000 to determine how they have been impacted by financial crimes in recent years.
Around 36 percent of those who had wealth between £250,000 to £1million said they had fallen for financial scams.
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This number rose sharply to 41 percent for individuals whose assets came to around £500,000 to £1million.
More than half of people (53 percent) with assets totalling between £1-2million have also lost hard-earned cash to fraudsters.
Women were found in the study to be slightly more likely to say they have been victim to financial scams than men.
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Out of all the age demographics, Generation X, were revealed to be most likely to be report being targeted by fraud.
Mike Stimpson, a Partner at Saltus, explained how people can protect their pensions and other assets from being targeted by scammers.
Mr Stimpson said: “We all know that professional advice can help you achieve your financial goals, but one of the lesser known – but hugely important – benefits of having a financial adviser is that they can also help…
