Younger investors are using mobile technology rather than a desktop, research by Hargreaves Lansdown has found. Not ground breaking news but good
Research by the Bristol-based company showed that younger people favour using their mobiles to open Isa, pension and investment accounts. Three in every five new accounts opened on mobile are by people aged between 19 and 35 compared to just one in five accounts on desktops. The average portfolio value opened by mobile phone is around a fifth of the average account value opened by desktop. Chris Worle, Hargreaves Lansdown’s digital strategy director, said: “Mobile investing is coming of age and is encouraging a new generation of investors who are looking for the ease and convenience of managing their money on the go. “We continue to see exponential growth in the numbers of people using their mobile to invest, a trend that will continue apace.