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....
Paul Bruns and Elaine Parkes
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Record numbers of people aged 90 plus
From 3 to 10 October