The level of long-term M&A activity in the UK wealth management sector is set to increase significantly as firms pursue scale ups and the digitalisation of their delivery models.
According to behavioural finance fintech firm Oxford Risk, the combined value of assets under management of UK wealth managers acquired in 2022 was £137bn, compared to £87bn for those acquired in 2021. The wealth management sector is facing "huge disruption" from the growth of potential new customers to new delivery models and increased regulation, the firm said. Expect further M&A acceleration in wealth management Wealth managers are looking to take advantage of these changes by scaling up and investing in digital and analytical capabilities to offer "differentiated and market-le...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
