With asset prices collapsing precipitously over the past month, 2019 seems almost ancient history, especially within a UK wealth management context.

2020 will almost certainly be a disastrous year on every metric.

Yet just under three months ago the sector, as defined by the datasets compiled and maintained by Compeer, a London-based research and consultancy firm, almost certainly ended 2019 with record volumes of assets under management and administration. Revenues also hit record levels.