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Wealth managers return to in-house products

Date: 20 Jan 2010

Private wealth management institutions increased aggregate allocation to in-house products to 40% last year, a rise of 12 percentage points, a survey has found. It comes as firms seek to bolster diminishing margins.

Keywords (click to search): [private wealth management] [Scorpio Partnership] [Stephen Wall] [Sebastian Dovey]

Leigh Powell
Cash-conscious private wealth management firms almost doubled their aggregate allocation to in-house products over the course of last year, a new survey has found.

From the first quarter of 2009 to the fourth, average allocation to in-house product increased from 22% to 40%, the poll by consultancy Scorpio Partnership showed.

The sharp 18 percentage point rise came as institutions sought to bolster diminishing margins, particularly in lower-margin product areas.

Certainly, by the end of the third quarter last year, volumes for structured products were estimated to be between 10% and 20% of the average...

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