Revenues rise but wealth firms face income issues - 03.03.2009
Citywire
Data from ComPeer's quarterly industry update report is used throughout the article to review the latest trends in the UK Wealth Management sector. The fourth quarter of 2008 saw overall revenues for wealth management companies increase by 4.4% quarter-on-quarter despite investment assets falling by 6.8%. ComPeer suggests in the article that although assets are falling, individuals have been recently viewing the market as a buying opportunity, with wealth managers boosting revenues by earning significant commission on trades. The product type to have the highest purchase content was Gilts, with 85% of the consideration of these bargains being buys.