Wealth Management – The Yearly Review 2021

There has never been a year quite like 2020, and let’s hope there isn’t another one like it as the world continues to battle the COVID-19 pandemic.

Multiple industries are fearing for their future, unable to adapt to unforeseeable conditions. However, how has the UK wealth management industry fared?

The industry was a picture of health prior to the pandemic, continuously breaking records in business performance measures such as assets, revenues and profits. It has shown exceptional resilience in the past, and 2020, to its credit, has continued in this manner.

As firms embraced working from home and focussed on digital enhancements, they have overcome the disruption caused by market turmoil in the first half of the year. Find out these results in detail at Compeer’s upcoming Yearly Review webinar, as we take a look back at all of the key trends following our in-depth review of business performance of 160+ wealth managers, private banks and execution only stockbrokers.

Which firms have capitalised on working conditions the best?

Have more records been broken?

Where are the key investment areas for firms?

Have firms managed to address the issues with scalability seen in previous years?

We will also be joined by industry experts to share their views, as well as a panel of wealth management professionals to share their first-hand experience of running wealth management firms throughout a pandemic.

We hope you and your colleagues can join us on 24th June.

Event Information

16:00 – 16:05           James Brown, Compeer – “Welcome & Introduction”

16:05 – 16:15          Charles Radclyffe, EthicsGrade (guest speaker for Athena Global)

16:15 – 16:30           James Brown, Compeer – “Latest trends in Wealth Management”

16:30 – 16:45           Tariq Khan, Objectway

16:45 – 17:15           Panel Discussion

John Wilson (Avaloq), Jonathan Polin (Sanlam), Peter Flavel (Coutts)

James Brown, Head of Client Services – Compeer

James joined Compeer in October 2006 as an analyst following his graduation from The University of Warwick, where he studied Mathematics, Operational Research, Statistics and Economics.  Today he manages Compeer’s team of analysts. He has widely presented key trends in the UK Wealth Management Industry, with in-depth experience of providing statistical analysis of firms’ business performance. He regularly provides recommendations during presentations to Executive boards, and is actively involved in bespoke research projects.

Charles Radclyffe, AI Ethics, Technology Governance and ESG Specialist – EthicsGrade

Charles is a serial entrepreneur who has focused his career on solving tough technology challenges for some of the world’s largest organisations.

A self-confessed ‘geek’ at heart, Charles combines his technical fluency with his business nous to really get to grips with how best to conceive, design, build and implement solutions which can unlock transformative business value.

In addition to providing advisory services to clients, Charles has built and sold three technology companies so far in his career, and in his spare time passionately supports and mentors young entrepreneurs and start-up teams.

Past roles include Head of Technology at Deutsche Bank Labs in London and Associate Partner at Elixirr. He was until recently Head of AI at Fidelity International.

Charles is currently a Forbes contributing writer and is a Visiting Fellow of the University of Bristol.

He is an experienced public speaker having presented at various events in the UK, US, and the Middle East on the philosophical questions around Smart Devices, Data Science, and Artificial Intelligence industry and the societal impact of the application of this technology.

Charles holds an MA in Law from Cambridge, and his hobbies include golf, motorsport, science fiction and early modern history.

Tariq Khan, Director of Client Services – Objectway

Tariq Khan is Director of Client services at Objectway – providers of front to back office software solutions to Wealth managers. Tariq has been working with UK wealth managers for over 10 years with a focus on digital transformation. Recently he has been spending a lot of time with senior executives discussing how firms can make the most of digital solutions in order to improve their client experience and their own operational efficiency.

John Wilson, UK Managing Director – Avaloq

John has over 25 years of delivering technology enabled business outcomes and advice to a world class financial services clients base.  John has operated successfully across banking, wealth and capital markets sectors in both in-house and consulting roles.  John leads Avaloq’s UK and Ireland business and is deeply committed to helping our clients and their customers achieve their wealth management goals through innovative and relentless technology delivery and service excellence.

Jonathan Polin, Chief Executive Officer – Sanlam UK

Jonathan became CEO of the Sanlam UK Group in January 2016 with a clear brief to create a business that is recognised for the quality of its advice, asset and discretionary fund management services. He believes passionately in the value of both financial planning and wealth management, and his goal is for Sanlam to become a UK market leader. Previously, Jonathan served in the army, followed by 26 years working with Prudential, Aberdeen Asset Management, Britannic and, most recently, Ashcourt Rowan where he oversaw its rejuvenation and sale in 2015.

Peter Flavel, Chief Executive Officer – Coutts & Co

Peter joined Coutts as Chief Executive in March 2016.

Before joining Coutts, Peter held the role of Chief Executive Officer of J.P. Morgan Private Wealth Management, responsible for overseeing and expanding the high net worth business and client base in Asia Pacific. He was a member of the Wealth Management Global Operating Committee. Peter also spent nine years with Standard Chartered, establishing their Global Private Bank in 2006.

In 2012 he was named Outstanding Private Banker – Asia Pacific by PBI. Most recently he was voted ‘Best Leader in Private Banking 2015’ at the PWM/The Banker Global Private Banking Awards.

Peter holds degrees in Law and Economics and has attended the Advanced Management Programme at both Harvard Business School and the University of Oxford.

Peter is proud to be a member of the 30% Club, aiming to accelerate progress of gender balance across all levels of organisations.

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Other upcoming events

Webinar: Building diversity in the wealth industry

Thursday 9th December 2021
16:00 - 17:00

All wealth management firms now consider diversity & inclusion (D&I) as a core part of their people strategy and in turn are thinking about how it applies to their overall recruitment & retention strategy. However, the industry needs to accelerate the pace at which they respond to the country’s diversity and this will become increasingly important as firms consider their future client base.

Individuals, particularly Millennials, want to work in an environment that promotes D&I and clients will expect to deal with more diverse wealth managers in the future. The industry cannot risk being left behind.

Compliance 2022 – The future of UK regulation

Thursday 3rd March 2022
11:00 - 12:00

For many years now, regulation has been the main concern of the UK wealth industry, causing multiple headaches across the sector and one of the key reasons behind surging costs among these firms.

In this webinar, Compeer will review the potential upcoming regulations that firms will face, and research the views of Heads of Compliance to understand where the concerns lie and how prepared firms are for future regulations.

ESG – What next for wealth managers?

Wednesday 9th March 2022
13:00 - 14:00

Following on from our ESG themed webinars earlier in 2021, Parkwell will be hosting another ESG webinar where we will we take stock of the progress within the wealth management industry, discuss new issues and regulations that have emerged over the year and identify the opportunities and trends we think will be prominent during 2022. Once again we will joined by a panel of leading industry experts who will share their insights and debate the challenges ahead.