Seven challenges for UK wealth managers

Includes consolidation, pricing and robo-advice

The UK's wealth management sector continues to face a range of challenges but those businesses willing to address them should be able to thrive, according to Cantor Fitzgerald Europe.

The investment bank's financials analyst Keith Baird said that while wealth managers faced pressures that increasingly highlight the importance of scale - including consolidation, pricing and robo-advice - "the right integrated strategy" could see them do well. Baird, whose preferred stocks are currently Brooks Macdonald and Rathbones, has identified seven opportunities and challenges facing wealth managers now and in the future.  Scope for consolidation According to Baird, organic growth remained the focus for wealth managers, "supplemented by inorganic growth through attracting ne...