The UK's offer Close to 43,000 people were directly employed in the UK wealth management sector in 2023UK wealth managers look after £1.4tn 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. Total investment assets are worth £1.4tn in 2023. 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 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 in recent years – they grew by 17% between 2020 and 2023. 2.4m people in the UK use wealth managers for investment, retirement and tax planning advice £1.4tn in assets looked after by UK wealth managers £10bn Close to £10bn in revenue by the UK wealth management industry in 2023 ~43,000 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