The Wealth Management Association (WMA) represents 183 firms. Of this number 107 are full members and 76 are associate members. The 110 full members are wealth management and stockbroking firms that deal directly for individuals, trusts and charities through a range of services spanning execution only, advisory and discretionary fund management.
WMA member firms look after the wealth of over 4 million retail investors.
The 76 associate member firms provide professional services to our full member firms.
Our member operate across more than 580 sites in the UK, Ireland, Channel Islands and Isle of Man, employing over 32 000 staff.
Member firms run 6 million client portfolios and carry out over 20 million trades a year.
At the end of 2014, the wealth management industry had ÂŁ677 billion of assets under management, up 6% year on year, therefore outpacing the 4.2% market rise (as calculated by the FTSE WMA Balanced Index). Issue 4 Autumn 2015
3