In summary
The wealth market is ever evolving, with the predicted £2.5trillion scale highlighting its importance and complexity. Consolidation is only set to continue, making it paramount for firms to evolve and utilise the benefits of managing larger asset pools through leveraging economies of scale, exploring a wider range of investment opportunities that will help improve customer outcomes and reducing risk through a more robust governance set. Tech and AI remain at the forefront of change, and investors can look towards Quantitative investing to help improve diversification within a portfolio, whilst keeping fees to a minimum. There is also the intergenerational wealth transfer for advisers to consider. Firms who are well positioned to serve the next generation of clients have a huge opportunity in front of them. Ensuring clients receive personalised communications and content, alongside a well-built investment proposition, will be key.
We at Redington stand ready to help advisers navigate the complexities of this ever changing market. Please get in touch with us to understand how we can help.
