Wealth Management Association (WMA)
www.thewma.co.uk/enquiries@thewma.co.ukAbout
Who We Are
The Wealth Management Association (WMA) is a trade association...
...that represents 186 firms and prides itself on working for the private client investment community. Of this number 109 members are wealth management and stockbroking firms that deal directly for the private investor, the remaining 77 are associate members who provide professional services to our member firms. If you buy or sell securities at any time, you are likely to deal with a firm that is a member of the WMA.
Today WMA members reach over 4 million investors, manage £650 billion of the country's wealth, carry out over 20 million trades a year and operate in over 580 branches across the UK, Ireland, the Channel Islands and the Isle of Man.
Our History
The Wealth Management Association (WMA) was created as a trade association in 1990 out of the London Stock Exchange and was originally called the Association of Private Client Investment Managers and Stockbrokers (APCIMS).
APCIMS mission was set to represent the interests of stockbroking firms which specialised in providing services for individual investors balancing the powerful influence of major investing institutions. From around 1994 the membership was extended to include more investment managers who, like stockbrokers, deal in, advise on, or manage direct investment in individual securities for personal and other non-institutional investors.
On 1st October 2013 the APCIMS membership voted in favour of re-branding their association as the Wealth Management Association (WMA) as a better representation of what they do rather who they are. As WMA the organisation continues to represent the whole investment community across the spectrum from Execution Only service through to Advice and Discretion.
The core functions of the organisation remain the same and WMA continues to act in the best interests of our members, in the same way that wealth managers across the country act in the best interests of their clients.
Our Objectives
to ensure that the interests of our members are appropriately voiced and represented;
to provide information and assistance to our members across a wide range of change encompassing regulatory, market and business issues;
to communicate industry change to our members;
to liaise with governments, regulators, financial institutions and all participants in financial services;
to lead the debate in Europe on retail investment work and the overall development of the European securities industry.
What We Do
The WMA liaises between other bodies such as regulators and our member firms and seeks to ensure that changes from the UK and Europe are appropriate and proportionate for the investment community and their clients.Categories: Clubs & Associations, Wealth Management.
