The VC deals in the wealth management industry of UK is increasing at 27% y-o-y and the rise in deals have been contributed by the companies looking to scale up their operations, expand product ranges through vertical integration and also companies that are mostly interested in incorporating digital technologies across service-end are acquiring tech start-ups.
- Definition / Scope
- Market Overview
- Market Risks
- Market Trends
- Industry Challenges
- Technology Trends
- Pricing Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Distribution Chain Analysis
- Competitive Landscape
- Competitive Factors
- Key Market Players
- Strategic Conclusion
Definition / Scope
The wealth management companies serve the HNWI segment or the High-net-worth individuals and is generally handled by the sister concern firms of large private banks or by separate wealth management firms.
Since 2016, the UK wealth management sector has been sincere on various aspects including, regulations, technology, increasing client base as well as their AUM (Asset under Management), multiple M&A etc.
For 2020 and beyond UK wealth management sector is set to become the most ideal wealth management endpoint.
The Wealth management services can broadly be divided into three categories such as, discretionary investment management, Advisory services and non-managed services.
- Discretionary investment management: In this model, the buying/selling decision is made completely by the wealth manager.
- Advisory services: The buying/selling decision is made by the wealth owner based on the investment suggestions given by the wealth manger. In addition, the advisory segment market has declined in growth since past 5 years.
- Non-managed services: It is more like a self-service where the wealth managers advise only when the clients need it. There has been rise in this segment since past five years and holds huge opportunity in robo-advisory.
The UK wealth management sector has been facing active digital initiatives and investment activities. Some of the major solutions such as robo-advisory, white label solutions and analytics are supporting the progress in wealth management solutions.