Wealth management firm costs in the UK 2011-2016| ��ƽ��

Annual costs of all large wealth management firms in the United Kingdom (UK) from 2011 to 2016*, by type (in million GBP)

Characteristic	Private banks	Investment managers	Full service wealth managers	XO Stockbrokers
2016*	2,172	967	999	329
2015	2,266	987	1,022	313
2014	2,191	953	1,013	321
2013	2,267	846	932	310
2012	2,146	838	806	282
2011	2,103	817	811	285

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Release date

February 2017

More information

Region

United Kingdom

Survey time period

2011 to 2016*

Special properties

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 . 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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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.