Wealth managers challenged by high street providers, says Datamonitor

So-called HNWIs took a such a battering from the three-year bear equities bear market many have turned their back altogether on relative returns, posing a significant challenge for advisers looking to attract and retain such clients, the consultant says. Even today, with many companies making improved profits, the sum of £200,000 would provide an annual income of just £7,160 on a FTSE dividend yield of 3.58%, according to Bloomberg figures. ”The key to success in the UK wealth management market over the next few years will be the successful deployment of an absolute return strategy,” ...