Disintermediation & disruption, fee compression, and the return to a lower return environment are the key challenges currently facing the UK wealth management industry, Patrick Lance, a wealth director at 1762 from Brewin Dolphin told the audience at the fourth annual eprivateclient Accountancy Dinner last week (01/10/2019).

Starting with disintermediation and disruption, Mr Lance explained that it is not a new issue and certainly not unique to the wealth management industry. In the sector, “cheap, online, self-directed investment platforms have been with us for many years and are definitely here to stay,” Mr Lan...