London, 4 March 2021 – In a year of unprecedented change, the U.K. entered an era of more changes by exiting the European Union (EU) at the end of 2020. This separation has been in the works since the “Brexit” referendum back in June 2016. The journey for both the U.K. and the EU to put in place a Trade and Cooperation Agreement to establish the parameters of their post-Brexit relationship has been tumultuous. However, the heavy lifting has only now begun. Like any transformation project, it will take time for the U.K. and its wealth management industry to find its way in this new chapter. The U.K.’s wealth management sector is robust and globally revered, but it will need to evolve to stay prosperous and carve out its niche on the world stage.

This Impact Brief provides a quick sense-check on where the wealth management industry currently stands post-Brexit, the potential impact of Brexit on the U.K.’s position as a global wealth hub, and where key future opportunities lie. It is based on primary interviews carried out in January 2021 and on secondary research.

Clients of Aite Group’s Wealth Management service can download this 16-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions AA Advisors, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, Monzo, Morgan Stanley, Nomura, Refinitiv, Revolut, Standard Chartered, and UBS.