This is a sharp acceleration from 2016, which saw only 3.5% growth of this population, reflecting more favorable conditions for wealth creation, despite volatile geopolitics.
The strength and scalability of Composer and our single code base which allows continuous updates to cover product innovation and changes in regulation, provides our clients with a secure platform on which to build their businesses.
Brazil in particular in recent years has had to deal with, at times, 14% interest rates – and, while they are currently in the mid-single digits, it does affect how we interact with customers.
Under the new structure, Ian Partington will succeed Stewart Foster as Group CEO, and Foster will take on the role of Group CRO (Chief Revenue Officer), focussing on the future growth of the combined business.
We are pleased, however, to have entered into an agreement to sell the intellectual property relating to UBS SmartWealth
Profile and its solutions are characterised by technological innovation, competitive functionality, compliance to local and international standards
Paolo Galvani, chairman of Moneyfarm, which has assets under management of about £400m, said he was "surprised" at the number of robo-advisers which are still coming to market.