The UK's offer 37,000 people are directly employed in the UK wealth management sectorUK wealth managers look after almost £1tn in assets 2.2m people in the UK use wealth managers Wealth Management Centres The UK's competitive and globally connected market offers wealth managers opportunities to diversify client investments, and make investments with support by an integrated network of professional service firms. The UK's wealth management sector has experienced a significant growth in assets in recent years. In 2018 the sector managed £948bn of assets, equivalent to about 46% of the UK GDP. While London is the country’s centre for the sector, it has a significant presence across the UK, with clusters of expertise in Scotland, and the South East, the South West and the North West. Download factsheet One of the world's leading centres The UK is the world's second largest wealth management centre having significantly closed the gap with global leader Switzerland over the past 7 years Growth in assets overseen by UK wealth managers Assets overseen by UK wealth managers have risen consistently in recent years - and grew by 10% between 2016 and 2018 2.2m people in the UK use wealth managers for investment, retirement and tax planning advice £1tn in assets looked after by UK wealth managers 46% of GDP the equivalent value of assets looked after by UK wealth managers 37,000 people employed directly by the UK's wealth management industry "One of the reasons that we've been able to have quite a diverse geographical client base is because many of our clients like coming to London throughout the year so it's quite easy from a client management perspective." Omar Majid, Director Salonica Group 1 Partner story Salonica Group: 'Access to a highly educated workforce and a very liveable city' Salonica Group: 'Access to a highly educated workforce and a very liveable city' Partner story State Bank of India: 'Outside of our domestic Indian market London is our largest office' State Bank of India: 'Outside of our domestic Indian market London is our largest office' See more Case Studies Everything you need The UK offers you everything you need to grow your business. We have a global outlook, which means we understand your business needs. The depth and breadth of our offer mean unparalleled opportunities for you to grow. Innovation is what we do - creating an inspirational ecosystem where you can thrive. Choose the UK Depth and breadth Innovation Open and global Business environment Opportunity Talent Industries A UK-wide offer Need more information? The City of London Corporation London & Partners Invest in Great TheCityUK Innovate Finance Association for Foreign Banks Association of British Insurers The Investment Association AFME UK Finance PIMFA