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Plenty Of Room For Mid-Tier Wealth Management
Jackie Bennion
9 November 2020
By some estimates, about 90 per cent of the UK investment advisory market is controlled by around 10 businesses. It is within the remaining 10 per cent that some firms believe they can carve out a different type of service. One of those is the Chris MacDonald walk away with £30 million ($39.4 million) and Martin Baines ". Bowmore’s CEO concedes that in the process of growing clients, there are segmentations that won’t be able to have the same level of service they have been used to. “That’s just the reality of the market. The advice gap is real.” In this respect, Bowmore is no different to any other business looking at margins of profitability, Incledon said. "But we still feel we can come up with an elegant solution for clients at whatever level they are at."