Investors are increasingly moving their portfolios to online platforms which are using digital tools that, in some cases, cut out the need for wealth managers altogether. These investors are not just the younger ‘millennials’, but also experienced investors seeking a more personalised service and value for money.
The continued development of the regulatory environment – such as through increased pensions freedom, the reduction in annual and lifetime allowances and the Financial Advice Market Review – is driving strong growth in the market.
Technological advances and regulatory change are bringing a whole new transparency to the sector. Against this backdrop it is little surprise that small to mid-sized players realise they must form alliances in order to survive. At the same time private equity, attracted by the consolidation trends within the industry, is showing an increased willingness to invest in the sector.
International Financial Services team
Clearwater International’s Financial Services team has a track record of advising businesses through strategic M&A and investment transactions including raising development capital, debt advisory, acquisitions, management buy-outs and partial or full exits to strategic financial or trade buyers. Our specialists offer unrivalled sector knowledge, working with leading industry players.