Robo-advice market growing profoundly in the UK: Ken Research

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Robo-advice market growing profoundly in the UK
Ken Research
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• The UK still positions 6th Worldwide with regards
  to average wealth per adult.
• The market leader in terms of assets under
  management (AUM) is St. Jamess Place, followed by
  Coutts and Barclays.
• Merger and acquisition (MA) activity has largely
  been driven by established players like Aegon
  acquiring Cofunds from Legal General.

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Ken research announced its latest production on
Wealth in the UK Competitive Dynamics 2016,
which offers insight on the UK wealth management
market, which is highly concentrated on the top
20 competitors and the HNW investor segment. The
production is based on shrewd analysis
furthermore, it includes an in-depth analysis of
latest news related to regulations that pertain
to wealth managers which includes better
communication with consumers, investors with
non-domiciled status, technology, and Brexits
impact on regulation. An overview of the top
wealth managers in the UK based on business
model, new incumbent, latest merger and
acquisition activity. This report will serve
those who want a better understanding of the
changes made to UK regulations related to MiFID,
consumer communication, and technology and also
want to learn about recent product and service
innovations among traditional wealth managers and
growth within robo-advice services.
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The economy of the United Kingdom is
the fifth-largest regional economy across the
world measured by gross domestic product(GDP)
and ninth-largest on the planet measured
by purchasing power parity and it is the second
largest economy in the European Union by both
measures. In 2015, the UK was the ninth-largest
exporter in the world and the sixth-largest
importer and alongside is one of the
most globalised economies. The administrative
sector dominates the UK economy, contributing
around 78 of GDP the financial services
industry is specifically imperative,
and London is the world's largest financial
centre. The size of London's economy makes it
the largest city by GDP in Europe. The labour
force in UK by June, 2016 is 31.75 million the
employment rate is 74.5 which is recorded as
been high amongst these 1.5 labour force works
in agriculture segment, 18.8 in industry segment
and 79.7 in service segment.
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The United Kingdom's economy is showing
improvement over expected after the Brexit vote.
In any case, the same can't be said for its
wealth. Since the EU referendum, the UK has lost
more wealth than some other nation in the
previous year. Add up to family unit wealth fell
by USD 1.5 trillion on account of a debilitating
pound contrasted with the dollar. The UK still
positions 6th on the planet with regards to
average wealth per adult. The market pioneer in
terms of assets under management (AUM) is St.
Jamess Place, trailed by Coutts and Barclays. The
AUM of the main 20 UK wealth directors developed
by more than 8 year-on-year somewhere around
2014 and 2015. The exhortation market keeps on
being a key concentration for the FCA, which
presented a progression of recommendations in
March 2016 to enhance get to. One such
proposition revolves around an 'Advice Unit to
help grow the automated advice market in the UK
by helping firms create mass-market robotized
device models.
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Merger and Acquisitions (MA) action has to a
great extent been driven by built up players
needing to capture more market share or extend
their customer offerings. For instance, Aegon
obtaining Cofunds from Legal and General and
Cazenove Capital Management securing the wealth
management business of C. Hoare and Co. To know
more on the coverage, tap on the link
underneath https//www.kenresearch.com/banking-f
inancial-services-and-insurance/financial-services
/wealth-uk-competitive-dynamics-2016/58927-93.html

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Related Reports https//www.kenresearch.com/banki
ng-financial-services-and-insurance/financial-serv
ices/wealth-uae-sizing-market-opportunity/62459-93
.html https//www.kenresearch.com/banking-financi
al-services-and-insurance/financial-services/china
-wealth-report-2016/60310-93.html Contact Ken
Research Ankur Gupta, Head Marketing
Communicationsquery_at_kenresearch.com91-124-42302
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