The UK wealth industry value chain has been resilient over the past decade, despite many changes including rapid growth in AUM, the rise of platforms as a dominant method of distribution to consumers, and access to wholesale or institutional pricing from asset managers.
UK wealth value chain is gradually contracting Read More »
The upwards march of passive market share seems unstoppable. But there are reasons to think why, in some institutional segments at least, market-cap passive share may peak soon.
3 reasons why passive share may top out Read More »
The threat to vertical integration has receded but financial advice is under attack. Ongoing fees underwrite the economics of advice, but if services are not delivered, a crime may have been committed.
Advice fees but no service: a question of criminal law Read More »
By investigating practices implicit in vertically integrated business models, the Australian Royal Commission report is likely to ask serious questions
Adviser remuneration reforms Read More »
