An increasing number of affluent women are looking for discretionary investment management, according to new figures from independent online matching service for wealth managers, findaWEALTHMANAGER.com.

According to the firm’s Affluent Investor statistics for Q3 2014, there has been a 50% uptick in female users actively looking for wealth management providers in the past three months.

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The research also found that most of these cash-rich, time-poor females seem to have little interest in trying their hand at investing without professional guidance. Approximately 70% of female users do no DIY investing and execution-only services are of interest to just 7%.

Women that are predominantly in professional fields such as law, accountancy or banking, make for 81% of the affluent female users who are looking for discretionary investment services, the firm said.

Lee Goggin, co-founder of findaWEALTHMANAGER.com, said the number of affluent females visiting the firm’s website is on a steady rise.

He added: "Women seem to strongly favour discretionary investment services and it’s easy to see why the kind of professional females we’re attracting like the idea of an expert taking responsibility. DIY doesn’t seem to appeal as much to women as it does to men, but even our male users are overwhelmingly favouring discretionary wealth management."

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Despite the recent success of DIY investments across many wealth management platforms, demand for execution-only plummeted to the lowest level in a year (10%) across all user groups, revealed the Affluent Investor statistics. On the other hand, discretionary demand hit a new high of 75% rising from an already high 69% in Q2.

Figures also show that almost three-quarters of all users were new to wealth management, resulting in 73% of new users in Q3 in comparison to 57% in Q2.

The findaWEALTHMANAGER.com research also revealed that demand for UK wealth management services from international investors and expats increased significantly since the start of 2014. The proportion of users who were not both UK-resident and domiciled reached 27% in Q3 – up from 21% in Q2 and 17% in Q1.