Majority of UK wealth managers unable to grow revenues faster than costs, research reveals

The report, compiled by data provider Compeer, assessed the impact of outsourcing on a wealth manager's scalability and profitability. Its findings were based upon a series of face-to-face interviews conducted with C-suite executives of UK wealth management firms. The research suggested that over the past five years wealth managers with an outsourcing model have outperformed those which retained their in-house technology and operations infrastructure, both in terms of assets and revenue growth. According to the report, when asked about the benefits of an outsourced business model, ...