Reversal of fortunes: A tougher year for wealth and asset managers

After a runaway three-year period for many, some of the heat has come out of wealth and asset manager share prices this year amid wider market falls.

With the FTSE 100 down 1.9% year-to-date as of the end of Q3, and the All Share down 3.6% over the same period, the industry has been seen as ripe for a bit of profit taking. It has not been all doom and gloom, however: firms such as Rathbones, Close Brothers and St James's Place have bucked the trend by posting healthy gains so far this year, while Man Group has begun to bounce back from a torrid period. In general, however, wealth and asset managers' unavoidably cyclical business models have resulted in share price falls for the majority. Below are the ten most affected in the first...