Independent manager AUMs soar; Industry warns of 'regulatory tsunami'

IA survey reveals industry trends

The proportion of assets managed by independent managers in the UK has more than doubled over the past decade, according to the latest Investment Association(IA) annual survey.

It revealed the proportion of assets run by independent managers has grown from 15% in 2003 to 41% in 2014. The number has also risen from 37% in 2013, reflecting a drop in the number of asset managers owned by insurance companies in particular.  However, the Investment Association reported a drop in the number of independent boutiques to 34 following various acquisitions, with total assets growing at 6%; slower than the industry average. Independent asset managers such as Aberdeen Asset Management and Schroders feature in the top ten largest companies, with £243bn and £187bn in UK...