Segregated mandates can be expected to double their assets under management (AUM) in the DFM and wealth manager markets and grow to around £180bn over the next two years, according to NextWealth.
The research and consultancy firm, set up by former Platforum head Heather Hopkins (pictured), said the AUM of wealth managers' current segregated mandates is now equivalent to 12% of retail AUM - at £86bn. The report said St James's Place and Old Mutual Wealth were considered the first to use segregated mandates in a retail context, while other financial advice firms to use them include AFH, Openwork Holdings and True Potential. Heather Hopkins: Scale, fees and squeeze - the future of platforms Brewin Dolphin has announced it will use segregated mandates for its model portfolios a...
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