The level of long-term mergers and acquisitions activity in the UK wealth management sector is set to increase significantly as firms pursue scale ups and the digitalisation of their delivery models.
According to behavioural finance fintech firm Oxford Risk, the combined value of assets under management of UK wealth managers acquired in 2022 was £137bn, compared to £87bn for those acquired in 2021. The wealth management sector is facing "huge disruption" from the growth of potential new customers to new delivery models and increased regulation, the firm said. Wealth managers are looking to take advantage of these changes by scaling up and investing in digital and analytical capabilities to offer "differentiated and market-leading services", it added. More acquisitions by large...
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