Over half (57 percent) of wealth managers have turned away clients because they fall below their minimum investment threshold, says Nucoro, a B2B wealth management fintech firm.

On average wealth managers turn away 72 clients every year, with 33 percent of respondents claiming they have had to turn away more potential clients in the last 12 months than they did three years ago.

Just 2 percent said they are turning away fewer potential clients than in the past, while 49 percent said the number has not changed.

The research also found that despite 20 percent of wealth managers allowing clients with assets of les...