By Tom Wooders, head of sales for clearing and wealth solutions at GPP
Like the rest of the financial services industry, the UK’s wealth management sector will not be exempt from the market impact of Covid-19.
With asset values reduced and many investors sitting on cash while they wait for signs of a market rebound, wealth managers of all sizes will be revisiting their business models and assessing how best to reposition for future growth.
The severity of the situation is exacerbated by the suddenness of the crisis, but it also provides firms with a chance to realign their operations to optimise cli...
