Wealth in the UK: Competitive Dynamics 2015


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38pages

Verdict Financial

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Since the introduction of the Retail Distribution Review (RDR) in 2012, the UK wealth management competitive landscape has been undergoing a steady evolution. New business models have emerged as both new and old players seek ways to cost-effectively serve retail, mass affluent, and cost-conscious high net worth (HNW) individuals. A steady stream of direct-to-consumer (D2C) propositions have been launched in the market in 2015, ranging from simplified advice services to robo-advisor offerings and execution-only propositions. With the Financial Conduct Authority (FCA) and HM Treasury launching a consultation into access to advice, we believe this trend will continue into 2016 and beyond.

Key Findings

  • UK wealth manager activity is concentrated in London and South East England. This is unsurprising, as these regions are home to nearly a third of all UK-based HNW individuals.
  • The market leader in terms of assets under management (AUM) is St. James