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New research reveals different generational attitudes towards wealth management

New research reveals different generational attitudes towards wealth management

New research conducted by RBC Wealth Management, part of Royal Bank of Canada, shows that four in five (79 per cent) affluent 25–34 year olds in the UK have a wealth management solution in place and nearly a third (31 per cent) have either started using a wealth management solution within the last six months or plan to find one in the next six months. Some 6 per cent claimed to not need a wealth management solution.

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7IM sees revenue up 31.6 per cent for 2021

7IM sees revenue up 31.6 per cent for 2021

 

7IM Group revenue increased by 31.6 per cent in 2021, climbing to GBP92.3 million from GBP70.1 million in 2020. The firm writes that assets under management

rose by almost GBP3 billion to GBP21 billion as at 31st December 2021 and profit before tax almost doubled in 2021, coming in at GBP9.5 million against 2020’s GBP5.2 million, an 83 per cent increase.