Sales drought for retail wealth management in 2023

Drought for retail wealth management in 2023

The cost-of-living crisis and competition from cash have dealt a blow to the retail wealth management industry. Gross flows for the second quarter were stable at £54bn, but net flows dropped to just £812m— a 72% drop on the previous quarter — the worst net sales since Q322. Q1 had got off to a slow […]

A sluggish start for retail wealth management

A sluggish start for retail wealth management

After a difficult 2022, asset managers and platforms had been counting on business picking up in 2023. As it’s home to the ISA season, the first quarter of the year is usually the bellwether for the year ahead — a good Q1 usually means a good year and vice versa.  But as the chart below […]