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

FCA launches consultation on private stock market

FCA launches consultation on private stock market

Move follows Mansion House commitment

Linus Uhlig
clock 17 December 2024 • 3 min read
Partner Insight: Is FOMO overruling investment basics?

Partner Insight: Is FOMO overruling investment basics?

In 2020 we introduced our bubbles chart showing how concentrated investors were in a particular theme. Four years on we look at what, if anything, has changed, and what it means for investors going forward.

Orbis Investments
clock 16 December 2024 • 3 min read
Special situations: How to spot a good management team

Special situations: How to spot a good management team

'We prefer management teams that are considered rather than overly promotional'

Henry Flockhart and Andy Gray
clock 10 December 2024 • 5 min read