Compeer: Wealth management assets surpass £1trn in Q2

Total revenues up 2.4%

Execution-only stockbrokers achieved revenue in excess of £200m for the first time

Execution-only stockbrokers achieved revenue in excess of £200m for the first time

Assets in the wealth management industry exceeded £1tn in the second quarter of 2019, representing a 2.7% growth in assets, according to a survey by Compeer.

The quarterly survey by benchmarking firm Compeer, which covers wealth managers and execution-only stockbrokers, reported that the growth in assets meant there was an improvement in total revenues, which...

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