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U.K. Wealth Management Industry - Changing Investment Trends for Higher Financial Returns Open Growth Avenues

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Published on : May 13, 2016

ALBANY, New York, May 13, 2016: The report is an all-important tool that explains how the age-old wealth management industry in the U.K. is rising to become a multi-billion dollar industry. The report explains various facets of why this industry has been displaying double-digit growth. In addition, the analytical approach used in this report is critically important for wealth management companies for devising plans for future growth.

The report presents some key observations about the segregation of high net worth (HNW) individuals in the country as per their occupations and places of origin. The report says that, though entrepreneurs account for 50% of the population of HNW individuals in the U.K, earned income and inheritance also account as important sources of wealth in this country. The majority of the HNW expats in the U.K. are from Germany, France, and the U.S.; the changes in tax statutes by the government will affect the financial status of this population here. 

Financial services make up for a large chunk of HNW individuals population in the U.K. Though these individuals are well-versed in dealing with financial matters, they opt for discretionary wealth management services to save time. These services are largely provided by individuals who maintain their reputation as trustworthy professionals. Due to the proliferation of these individuals that offer top-notch services at negotiable prices, the organized wealth management industry in the country is declining. 

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The emergence of the World Wide Web has added to the woes of wealth managers, private bankers, and financial planners who were difficult to bypass at one time. Wealth management, which was once a cozy industry steered by wealth managers and a handful of big companies, was first jeopardized with the emergence of investment platforms ideally suited for investors with small investment portfolios. These investment platforms provide access to a wide range of funds with online research functionalities that do not need professional assistance. 

The report analyzes some other vital aspects of the wealth management industry in the U.K. While investment portfolios in the U.K. are tailored around traditional asset classes such as equities and bonds, other financial products are gaining importance as well. Though significant changes in the asset management strategies are not expected in the forthcoming years, wealth managers need to keep a buffer in their clients’ investment portfolios for shifts in the Bank of England’s monetary policy.

The report provides important data pertaining to HNW profiles and sources of wealth that wealth managers and wealth management firms can utilize for developing targeted strategies. Insights into whether HNW investors will be seeking investment advice or will be self-directed will also help wealth management firms.

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