The Prudential research has also shown that 20% are more willing to pay for financial advice now than they were before the financial crisis.
Further, 39% people said that they would be ready to complete an online fact-finding before meeting with an adviser if that would reduce the cost of advice.
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The research has also shown a growing support for alternatives to traditional face-to-face meetings. 25% of the respondents said that they would be willing to receive advice online or over the phone if that meant lower charges.
While, 11% preferred receiving advice either on the phone or online, 10% preferred an online-only service, whereas 4% preferred phone-only advice service.
Additionally, support for meetings with an advisor was found to be stronger among the younger generation, with 39% of 18 to 34-year-olds saying that they would be happy to receive financial advice on the phone or online or through a combination of phone and online, compared to 23% of the 35 to 54-year-olds.
Meanwhile, the support for meetings with an advisor was found to be just 15% among those who are more than 55 years of age.
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By GlobalData47% of people expected the costs for an online or phone advice service to be at least half as much as a traditional face-to-face service.
