UK: Wealth Market Competitive Dynamics and Opportunities 2019 | key players - Addvision Wealth Management, AFH Financial, Barclays, Bedrock Group, Canara Bank, Citi Private bank, Financial Conduct Authority, HSBC, J.P. Morgan Private Bank, Moneyfarm, Sanl

The UK's leading wealth managers outperformed the total UK liquid asset growth in 2017, with acquisitions being a common reason for this growth. Robo-advisors remain the only notable new entrants to the UK wealth management industry; however, the cut-throat robo-advisory market is leading some players to expand into human-led services. With MiFID II and the General Data Protection Regulation (GDPR) entering into force along with substantial compliance costs, regulation remains a top concern among UK financial advisors.

The report presents complete overview of the Wealth market. It covers market characteristics including segmentation, market shares, trends and strategies for this market. The market size section gives the market size covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market. It traces the market's historic and forecast market growth by geography. Also an in-depth analysis of key players is mentioned in this research report

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some of the key players influencing the market are Addvision Wealth Management, AFH Financial, Barclays, Bedrock Group, Canara Bank, Citi Private bank, Financial Conduct Authority, HSBC, J.P. Morgan Private Bank, Moneyfarm, Sanlam UK, UBS Wealth

Further the Competitive landscape of the Wealth market is analyzed including leading companies ruling the market. Major financial deals that have shaped the market in recent years have been identified. The Trends and Strategies section highlights potential future developments in the market and suggests approaches that can be adopted by companies for effective decision making.

Specifically the report includes -

- An overview of the top wealth managers in the UK, based on business model and minimum investment thresholds and ranking based on AUM.
- Recent analysis of regulations that pertain to wealth managers. This includes improved communication with consumers and use of technology.
- Insight into recent M&A activity, new entrants to the UK market, and divestment activity.
- Product and service innovations, including automated services, and personalized offerings.

Scope

- The market leaders in terms of assets under management (AUM) are St. James's Place, Barclays, and UBS. The AUM of the top 20 UK wealth managers grew by 16% year-on-year between 2016 and 2017.
- UK wealth manager activity is concentrated in London and South East England, with these two regions being home to 29.5% of total UK HNW liquid assets.
- The Financial Conduct Authority (FCA) is working with the wealth industry to support innovation. It has highlighted a lack of transparency among some robo-advisors following the recognition of suitability failings.
- M&A activity continues, with some competitors using it to grow AUM: Canaccord Genuity's acquisition of Hargreaves Hale boosted the company's AUM by 83.1%.
- New digital investment platforms continue to enter the UK market, and demand for robo-advisory is leading more established wealth managers to invest and expand into this space.

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