This statistic shows the value of cost per direct employee (full-time equivalent) of private wealth management firms and private banks in the United Kingdom (UK) form 2014 to 2016. 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. According to the data, the cost per employee amounted to 166 thousand British pounds in 2015, and decreased to 165 thousand British pounds in 2016.
Business costs of wealth management firms and private banks per direct employee in the United Kingdom (UK) from 2014 to 2016
(in 1,000s GBP)
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British Bankers’ Association. (February 1, 2017). Business costs of wealth management firms and private banks per direct employee in the United Kingdom (UK) from 2014 to 2016 (in 1,000s GBP) [Graph]. In Statista. Retrieved January 21, 2022, from https://www.statista.com/statistics/384812/uk-costs-departments-of-large-wealth-management-firms/
British Bankers’ Association. "Business costs of wealth management firms and private banks per direct employee in the United Kingdom (UK) from 2014 to 2016 (in 1,000s GBP)." Chart. February 1, 2017. Statista. Accessed January 21, 2022. https://www.statista.com/statistics/384812/uk-costs-departments-of-large-wealth-management-firms/
British Bankers’ Association. (2017). Business costs of wealth management firms and private banks per direct employee in the United Kingdom (UK) from 2014 to 2016 (in 1,000s GBP). Statista. Statista Inc.. Accessed: January 21, 2022. https://www.statista.com/statistics/384812/uk-costs-departments-of-large-wealth-management-firms/
British Bankers’ Association. "Business Costs of Wealth Management Firms and Private Banks per Direct Employee in The United Kingdom (Uk) from 2014 to 2016 (in 1,000s Gbp)." Statista, Statista Inc., 1 Feb 2017, https://www.statista.com/statistics/384812/uk-costs-departments-of-large-wealth-management-firms/
British Bankers’ Association, Business costs of wealth management firms and private banks per direct employee in the United Kingdom (UK) from 2014 to 2016 (in 1,000s GBP) Statista, https://www.statista.com/statistics/384812/uk-costs-departments-of-large-wealth-management-firms/ (last visited January 21, 2022)
