Topic

Research & Insights

There were 644 financial adviser firms with £1 million in net sales or more during this quarter.

When it rains it pours – Q3 2023 Financial Adviser Sales Highlights

""

In this latest UK financial adviser fund sales highlights, Benjamin Reed-Hurwitz, EMEA Research Leader at ISS MI, focuses on the latest net and gross sales trends for Q3 2023, gathered directly from platforms and asset managers. Benjamin details fund sector performance, and considers changes taking place within the UK investment landscape.

Q2 2023 Fast Facts

The below data is based on on-platform financial adviser investment fund sales through ISAs, Personal Pensions, Direct Investment Accounts and Investment Bonds for Q3 2023.

Totals

household-savings-ratio-iconNet Sales: -£2.2 billion

Wrappers (Net Sales)

household-deposit-balances-iconGIA Net Sales: -£500 million
household-savings-ratio-iconPension: -£600 million
household-deposit-balances-iconISA: -£1.2 billion
household-deposit-balances-iconBond: £100 million

Firms

household-deposit-balances-iconNumber of financial adviser firms with £1 million 
in net sales or more:
644

Funds (Net Sales)

household-deposit-balances-iconActive: -£3.3 billion
household-savings-ratio-iconPassive: £1.0 billion

Ten Best Selling IA Sectors by Net Sales

UK GiltsGlobal Corporate Bond
Short Term Money MarketStandard Money Market
UnclassifiedTechnology and Technology Innovations
GlobalJapan
Volatility ManagedIndia/Indian Subcontinent

Three Best Selling Fund Managers by Net Sales

  1. Legal & General Investment Management
  2. Royal London Asset Management
  3. BNY Mellon Investment Management

Talk to us today to learn more about how ISS Market Intelligence can help your business.


Commentary by ISS Market Intelligence

By: Benjamin Reed-Hurwitz, Vice President, EMEA Research Leader ISS Market Intelligence

SHARE THIS