List of Figures
Figure 1: The top wealth managers’ AUM growth has been slowing
Figure 2: The largest wealth managers struggled with AUM growth in 2015
Figure 3: Only two competitors recorded double-digit AUM growth in 2015
Figure 4: Most Super League competitors are focused on private rather than retail clients
Figure 5: Most wealth managers recorded lower AUA in 2015 compared to 2014
Figure 6: Growth in wealth managers’ brokerage operations has been slowing
Figure 7: Super League wealth managers have been recording positive net new money flows since 2010
Figure 8: In 2015 net new money decreased for the first time since 2012
Figure 9: BNP Paribas nearly tripled its net inflows between 2014 and 2015
Figure 10: Only four Super League competitors recorded losses at group level in 2015
Figure 11: Private banks are not the core business of the large banking groups
Figure 12: Only two competitors’ wealth divisions recorded losses in 2015
Figure 13: The cost/revenue ratio has been increasing since the financial crisis
Figure 14: Few competitors managed to reduce operating expenses in 2015
Figure 15: Rising costs continued to affect wealth managers’ profits


List of Tables
Table 1: Super League wealth managers’ published private clients AUM ($bn), 2014-15
Table 2: Wealth management unit standard minimum thresholds, 2015
Table 3: Super League wealth managers’ AUA ($bn), 2014-15
Table 4: Super League wealth managers’ net new money ($bn), 2010-15
Table 5: Comparison of selected wealth managers’ retail and private client AUM ($bn), 2013-15
Table 6: US wealth managers’ brokerage assets ($bn), 2010-15
Table 7: Super League competitors’ profit before tax at group level ($bn), 2014-15
Table 8: Super League competitors’ wealth management units’ contribution to group revenues (%), 2014-15
Table 9: Super League competitors’ profit before tax at wealth management division level ($bn), 2014-15
Table 10: Super League competitors’ operating revenues at wealth management division level ($bn), 2014-15
Table 11: Super League competitors’ operating expenses at wealth management division level ($bn), 2014-15
Table 12: Competitors tracked in Super League analysis
Table 13: Wealth divisions tracked in Wealth Management Competitor Analytics
Table 14: Competitors for which estimates have been used
Table 15: US dollar exchange rates, December 31, 2014, and December 31, 2015