Compeer: Wealth management assets near £1trn after slow start to the year

Saw slower revenue and profits

Laura Dew
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 Wealth management assets are approaching £1trn
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Wealth management assets are approaching £1trn

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, although 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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