Sentiment within asset and wealth management improves as profits recover

AMs post rise in business volumes

Investment management firms have seen a rise in business volumes and profitability over the past three months, as sentiment within the sector continues to recover post Covid, a survey has revealed.

Sentiment among investment managers has increased over the past three months with confidence the sector's positive performance can be continued over the next quarter, findings from the latest CBI/PwC Financial Services survey show. The survey, which was conducted between 1 and 19 September, found more companies had seen higher volumes over the past quarter, reversing a decline over the previous three months, with most also seeing rising profits. As a result, optimism levels also jumped across the sector, despite a mixed picture across financial services as a whole. Wealth managers ...