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 […]

The devil in the detail

Can blockchain eliminate investment platforms?

Death of the platform Over the past few months, I’ve read a number of opinion pieces which seem to suggest that the days of the independent adviser platform are numbered. They fall into two distinct groups. The first group focused on an apparently emerging trend where adviser firms take advantage of new technology to operate […]

2022 — a tough year for the retail wealth management industry

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We all know that 2022 was a tough year, but our numbers show just how tough it was for the retail wealth management industry. Stock market volatility played a significant part with assets under management dropping to £549bn compared to £603bn the previous year. Meanwhile, the combination of market uncertainty and the cost-of-living crisis weighed […]

Moving words

Finscape - simple and easy to understand.

I am delighted to report that Altus (Finscape’s parent company) has recently moved into a wonderful new office in the heart of Bath’s riverside regeneration project.

A little Christmas cheer

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Every time I open a paper in the financial trade press these days, I seem to be confronted by yet another headline about some merger or acquisition in the wealth sector. A search for ‘acquisition’ on Citywire finds over 16,000 results, the Professional Adviser website returns 25 stories in the last 3 months alone, and […]

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