'Demand for advisory managers to decline sharply' - Charles Stanley CEO
'Not what clients want'
Charles Stanley CEO Paul Abberley
Advisory investment management is "in long-term decline" and will only comprise a minimal part of the wealth management industry within the next decade, according to Charles Stanley CEO Paul Abberley.
In its results for the second half of 2019, Charles Stanley said it had seen a shift towards its discretionary service, where funds under management and administration (FuMA) grew 7.3% to £13.2bn, representing...
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