The top ten wealth management firms in the UK hold 89% of clients, up from 70% in 2022, and 59% of the assets, a three percentage point drop over the same time.
Over four-in-ten (41%) wealth management firms expect to acquire another firm, grow revenue or increase their client base by more than 25% over the next two years, according to the Financial Conduct Authority's 2025 wealth management survey. In contrast, only 18% of firms said they were considering winding down or selling all or part of their client base. The report, which surveyed 400 wealth management firms, found the number of portfolio management clients has grown by 20% since 2022 to hit 1.3 million, with 4.2 million execution-only retail clients in the sector. In terms of ass...
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