"Wealth in the UK: Competitive Dynamics 2017", report analyzes the UK wealth management market, with a focus on the top 20 competitors and the HNW investor segment. The report uses findings from GlobalData's 2017 Wealth Managers Survey and 2017 IFA Survey.
The competitive landscape of the UK wealth management industry continues to evolve. Although there are no high-profile new entrants to the market, incumbents have started to feel the pressure from new business models focused on digital channels. As such, traditional wealth managers are looking to enter the robo-advice space. With the onset of MiFID II and Brexit, the Financial Conduct Authority (FCA) aims to address issues of regulatory compliance and improved communication, initiatives that will continue to develop going forward.
Specifically the report includes -
- An overview of the top wealth managers in the UK, based on business model and minimum investment thresholds and ranking based on AUM.
- Recent news related to regulations that pertain to wealth managers. This includes improved communication with consumers, investors with non-domiciled status, technology, and Brexit's impact on the UK financial services industry.
- Insight into recent M&A activity, new entrants to the UK market, and divestment activity.
- Product and service innovations, including automated services and personalized offerings.
- The market leaders in terms of assets under management (AUM) are St. James's Place, Coutts, and Barclays. The top 20 UK wealth managers focus on the upper end of the market, with the average minimum account threshold standing at £1.25m.
- Fair and accessible advice (also delivered through innovative products) continues to be a key focus for the FCA. The regulator has established a Brexit Taskforce to serve as a checks-and-balances initiative for ensuring the UK remains competitive following the event.
- M&A activity is less frequent than in the past, particularly outside the independent financial advisor (IFA) market.
- New entrants to the UK wealth management markets are mostly digital players. Robo-advisors are offering hybrid solutions to provide best-of-both services to clients.
Reasons to buy
- Benchmark your market share against the top 20 UK performers.
- Understand drivers for AUM growth among leading wealth managers in the UK.
- Gain insight into M&A activity and organic growth for both new entrants and incumbents.
- Understand changes made to UK regulations related to MiFID, inheritance tax, and technology.
- Learn about recent product and service innovations among traditional wealth managers.
- Understand the growth within robo-advice services.