Cantor Fitzgerald names wealth manager favourites within 'industrialising' sector

Brooks Macdonald and Rathbones top list

As wealth managers continue to face pressures to maintain margins and create shareholder value while tackling increasing regulatory burdens, Cantor Fitzgerald identifies the top four firms in the sector.

According to Keith Baird, financials analyst at Cantor Fitzgerald, the sector is currently facing a number of issues which are driving the "progressive industrialisation" of the wealth manager space. He said firms are under increasing pressure to optimise distribution and client inflows while achieving sufficient scale combined with an "integrated holistic product offering". He added: "The challenge is to maintain a client service ethos in this process." Wealth managers at risk of losing out from tech revolution Top of the four recommendations is Brooks Macdonald, which has £8.3...