The U.K. Wealth Management Landscape: Change Is a Certainty
Report Summary
The U.K. Wealth Management Landscape: Change Is a Certainty
Despite its history, breadth, and depth, the U.K. wealth management scene is changing like never before.
Boston, April 17, 2014 – The Retail Distribution Review, aimed at significantly enhancing services provided to retail financial product consumers, is profoundly impacting the business of wealth management in the United Kingdom. But this regulation (and the host of others around the sector) is not the only industry-shaping factor—client expectations, technology, and competition are also coming together to challenge the U.K.'s wealth management market. When change is the only constant, even a wealth management segment as diverse and significant as the U.K.'s will have to adapt and reinvent itself.
Based on in-market research calls and Aite Group interviews with U.K. wealth management practitioners, this Impact Report considers the economic status of the U.K., the country's strength as a financial center, and the regulation that is impacting the wealth management market; it also sizes and profiles the key business types.
This 55-page Impact Report contains 33 figures and 16 tables. Clients of Aite Group's Wealth Management service can download this report.