The UK's offer 38,000 people are directly employed in the UK wealth management sectorUK wealth managers look after almost £1.3tn in assets Around 2.4m 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 portfolios and make investments with support from an integrated network of professional services firms. The UK's wealth management sector has experienced significant growth in assets in recent years. With total investment assets increasing to £1.3tn as of Q3 2021 – equivalent to about 58% of the UK’s GDP in 2021. While London is the sector’s leading hub, 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 regions in England. Download factsheet One of the world's leading centres The UK is the world's second largest wealth management centre by market size and has grown by 13% in 2020. Growth in assets overseen by UK wealth managers Assets overseen by UK wealth managers have risen consistently in recent years – they grew by 20% between 2018 and 2020 2.4m people in the UK use wealth managers for investment, retirement and tax planning advice £1.3tn in assets looked after by UK wealth managers 58% of GDP the equivalent value of assets looked after by UK wealth managers 38,000 people employed directly by the UK's wealth management industry 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 TMW Pay: 'One of the most advanced markets in the financial sector' TMW Pay: 'One of the most advanced markets in the financial sector' See more Case Studies "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 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 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