EXECUTIVE SUMMARY
AUM at the top private wealth managers grew by just 0.9% in 2015
Key findings
Critical success factors
BENCHMARKING WEALTH MANAGERS BY CLIENT ASSETS
2015 saw the top wealth managers’ market share drop
Swiss and US banks dominate the ranks of the top five wealth managers by AUM
The top five wealth managers accounted for $4.8tn of client assets
Few wealth managers experienced AUM contractions in 2015
Private wealth management is typically the main focus of Super League players
Competition for smaller-scale investors has been fierce, raising the threshold for the ’marginal client’
US broker dealers dominate when measuring wealth managers by AUA
The largest US broker dealers had almost $5tn in assets
Overall wealth managers’ AUA growth in 2015 was negative
A key element of wealth manager AUA, brokerage assets have been held back by equity markets and growing competition
Net inflows remained strong in 2015, though lower than in 2014
In 2015, positive inflows saved wealth managers from AUM contraction
2016 will test investors’ trust in wealth managers’ skills
BENCHMARKING WEALTH MANAGERS BY FINANCIAL PERFORMANCE
Group-level performance remains volatile, though 2015 was a good year in general
Combined Super League profits stood at all-time highs as competitors dealt with one-offs
The contribution of wealth management operations varies greatly
Most wealth management divisions reported profits in 2015
However, these profits were generally lower than in 2014
Even profitable wealth units face growing cost bases and shrinking margins
APPENDIX
Abbreviations and acronyms
Supplementary data
Methodology
Competitor coverage
Client assets data
Financial performance data
Exchange rates
Bibliography
Further reading
About Verdict Financial
Disclaimer