The UK's offer Close to 40,000 people were directly employed in the UK wealth management sector in 2024UK wealth managers look after £1.6tn in assets Around 4m people in the UK receive financial advice 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. Total investment assets were worth £1.6tn in 2024. 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. One of the world's leading centres The UK is the world's second largest wealth management centre by asset size and has over a fifth of global market share. Growth in assets overseen by UK wealth managers The global share of assets overseen by UK wealth managers has risen in recent years – they grew from 19% in 2020 to 21% in 2023. 4m people in the UK receive financial advice £1.6tn in assets looked after by UK wealth managers £8bn of annual tax revenue was generated by the UK’s combined private banking and wealth management industry ~40,000 people employed directly by the UK's wealth management industry Partner story Salonica Group Salonica Group Partner story China International Capital Corporation China International Capital Corporation 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 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