The UK has maintained its position as the second largest global wealth management centre, if measured in terms of assets under management and administration (AMA), according to the Deloitte International Wealth Management Centre Ranking 2018.

The report says that the UK’s wealth management sector particularly benefits from London and its standing as a global financial centre.

“It is noteworthy that assets levels have so far not fallen in the aftermath of the Brexit decision,” the report adds.

The report goes on to describe what Deloitte believes are the key features of the UK w...