Compeer: Wealth management assets near £1trn after slow start to 2018

Slower revenue and profits

Laura Dew
clock • 1 min read

Assets in the wealth management industry are approaching £1trn, reaching an all-time high of £980bn during the third quarter of 2018, according to a survey by Compeer, though rising costs led to falling revenues.

The quarterly survey by benchmarking firm Compeer, which covers wealth managers and execution-only stockbrokers, found assets rose 0.5% during the third quarter from £975bn to £980bn.  This was divided between £783bn in the wealth management industry and £197bn from execution-only stockbrokers.  Compeer said this was an "impressive result" after a disappointing start to the year when assets reduced by 1.6% from £958bn to £943bn as a result of stockmarket declines. However, this year's third quarter revenues decreased by 0.1% thanks to a decrease in commission income following a red...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

What have the UK's smaller companies ever done for us?

What have the UK's smaller companies ever done for us?

'Those that know where to look can unearth highly attractive opportunities'

Professional Adviser
clock 21 October 2024 • 4 min read
The top ten recommended MPS investments in 2024 so far

The top ten recommended MPS investments in 2024 so far

MPS expansion ‘has and will undoubtedly continue’, Defaqto insight manager says

Jen Frost
clock 16 October 2024 • 2 min read
Record inflows at Tatton drive AUM to £20bn

Record inflows at Tatton drive AUM to £20bn

Net inflows averaged £305m per month

Beth Brearley
clock 15 October 2024 • 2 min read