The sharp fall experienced by global stockmarkets during the fourth quarter of 2018 had a predictable effect on the UK wealth management sector, according to the latest data released by Compeer, a London-based research and consultancy firm.

Although revenues remained constant relative to the preceding quarter and even increased by 5.1 percent on a year-to-year basis, investment assets and profits both fell.

The former fell from the all-time high of £969 billion recorded during the third quarter to £942 billion, a £25 billion or 4.7 percent decrease.  

The latter fell from £85.6 million to £79.8 milli...