We have just published the findings of a report we commissioned from Compeer that assesses the impact of outsourcing on a wealth managers’ scalability and profitability.
Key findings include:
- The wealth management industry is yet to optimise business scalability. Over the past five years only 37% of UK wealth managers have been able to grow their revenues at a faster rate than costs
- Much needed investment into digital technology across the front, middle and back office is driving productivity and allowing staff to spend more time on generating value for the end clients