Data from PAM, part of thewealthnet's publisher PAM Insight, can reveal who the 20 largest private asset managers are by assets under management (AUM).

The most recently available data, which is accurate as at 31 December 2023, found the largest manager once again - St James's Place Wealth Management - had over £168 billion AUM. This was over £76 billion greater than the second place manager - Rathbones Group, which combined with Investec Wealth & Investment UK during 2023 - with £92.7 billion in AUM.

Barclays came in third place with £73.62 billion.

There was a significant difference in ...