This statistic shows the numbers of large private banks and wealth managers on the United Kingdom (UK) market in 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. As of 2016, there were 116 private wealth management firms operating on the market in London.
Number of wealth management firms in the United Kingdom (UK) in 2016, by region
large private banks or wealth management companies.
Supplementary notes
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). Number of wealth management firms in the United Kingdom (UK) in 2016, by region [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/
British Bankers’ Association. "Number of wealth management firms in the United Kingdom (UK) in 2016, by region ." Chart. February 1, 2017. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/
British Bankers’ Association. (2017). Number of wealth management firms in the United Kingdom (UK) in 2016, by region . Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/
British Bankers’ Association. "Number of Wealth Management Firms in The United Kingdom (Uk) in 2016, by Region ." Statista, Statista Inc., 1 Feb 2017, https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/
British Bankers’ Association, Number of wealth management firms in the United Kingdom (UK) in 2016, by region Statista, https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/ (last visited December 21, 2024)
Number of wealth management firms in the United Kingdom (UK) in 2016, by region [Graph], British Bankers’ Association, February 1, 2017. [Online]. Available: https://www.statista.com/statistics/384713/uk-number-of-large-wealth-management-firms-types/