Assets in the wealth management industry are approaching £1trn, reaching an all-time high of £980bn during the third quarter of 2018, according to a survey by Compeer, though rising costs led to falling revenues.
The quarterly survey by benchmarking firm Compeer, which covers wealth managers and execution-only stockbrokers, found assets rose 0.5% during the third quarter from £975bn to £980bn. This was divided...
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