This statistic shows the total annual costs of large wealth management firms, private banks and investment managers in the United Kingdom (UK) between 2011 and 2015, with projections for full year 2016, listed by company type. Wealth management is a broad category of financial services, which includes management of client's assets, and optimization of investment portfolio, according to client's financial goals and objectives. Private banking provides services that might not include investments. It typically centers around high-net-worth-individuals (HNWIs) financial needs, offering personalized care of clients' finances, either by public or private financial institution. In 2015, private banks acquired costs of approximately 2.3 billion British pounds (GBP). Furthermore, the costs of full service wealth managers amounted to 1.02 billion British pounds in the same year.
Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type
(in million GBP)
large private banks or wealth management companies.
Supplementary notes
* The projection for full year 2016 is based on data collected over first to third quarter of 2016.
The source adds the following information: "Trend observations based on data collected as part of ComPeer's Annual Benchmarking Survey . All firms included in ComPeer’s Annual Benchmarking Survey must be private client businesses, have at least £50 million under management or funds under administration at the end of the calendar year and be the UK operations."
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British Bankers’ Association. (February 1, 2017). Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP) [Graph]. In Statista. Retrieved November 09, 2024, from https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/
British Bankers’ Association. "Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP)." Chart. February 1, 2017. Statista. Accessed November 09, 2024. https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/
British Bankers’ Association. (2017). Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP). Statista. Statista Inc.. Accessed: November 09, 2024. https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/
British Bankers’ Association. "Annual Costs of All Large Wealth Management Firms in The United Kingdom (Uk) from 2011 to 2016*, by Type (in Million Gbp)." Statista, Statista Inc., 1 Feb 2017, https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/
British Bankers’ Association, Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP) Statista, https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/ (last visited November 09, 2024)
Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP) [Graph], British Bankers’ Association, February 1, 2017. [Online]. Available: https://www.statista.com/statistics/384799/uk-costs-of-large-wealth-management-firms-types/
