Large wealth management firm costs in the United Kingdom (UK) 2011-2016*, by type

This statistic shows the total annual costs of large wealth management firms, private banks and investment managers in the United Kingdom (UK) between 2011 and 2015, with projections for full year 2016, listed by company type. Wealth management is a broad category of financial services, which includes management of client's assets, and optimization of investment portfolio, according to client's financial goals and objectives. Private banking provides services that might not include investments. It typically centers around high-net-worth-individuals (HNWIs) financial needs, offering personalized care of clients' finances, either by public or private financial institution. In 2015, private banks acquired costs of approximately 2.3 billion British pounds (GBP). Furthermore, the costs of full service wealth managers amounted to 1.02 billion British pounds in the same year.