UK Wealth Managers' 2025 in charts

A relatively solid year for fundamentals, but some huge and divergent share price moves, coupled with AI fears, makes for tricky valuation assessments

Feb 19 • Paul Bryant

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2025: the great Asset Management bifurcation? (part 2 of 3)

Some are priced to win, some to lose, then there's a peloton with similar-looking valuations. What is Mr Market actually pricing in?

Feb 9 • Paul Bryant

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2025: the great Asset Management bifurcation? (part 1 of 3)

UK-listed asset managers had wildly differing fortunes in 2025. Was it the year that revealed winners and losers? Or has it left some richly valued, and…

Feb 3 • Paul Bryant

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January 2026

In conversation with Mercia CEO, Mark Payton

Under the bonnet of Mercia Asset Management’s business model, growth opportunities, strategy, and the disconnect between fundamental value and share…

Jan 29 • Paul Bryant

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PensionBee purring in the UK...

...but the share price seems stuck. It looks like all eyes are on its US buildout

Jan 26 • Paul Bryant

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December 2025

Who’s who in UK-listed asset & wealth management

Runners and riders covered by this newsletter & what to expect

Dec 4, 2025 • Paul Bryant

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Mercia: A fund management business and a cash pile for free?

If the NAV of its investments is correct, then yes. In H1-26, EBITDA & margin were up again, growth outlook is solid, and the huge discrepancy between…

Dec 4, 2025 • Paul Bryant

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November 2025

Tatton delivers again

Profit +20%, dividend +26%, strong outlook

Nov 25, 2025 • Paul Bryant

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H1 growth tees Polar up for strong FY26

25% AUM growth over H1-26 was far stronger than all peers and almost five times the sector-median

Nov 19, 2025 • Paul Bryant

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October 2025

More juice in Jupiter's jump?

Share price up over 100% from heavily oversold levels. But even after that jump, the bull case looks stronger than the bear case.

Oct 30, 2025 • Paul Bryant

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Markets mask leader-laggard separation in Q3

UK-listed wealth managers enjoyed a big boost from markets in Q3. But when it comes to attracting & retaining client money, some are flying, some are…

Oct 23, 2025 • Paul Bryant

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PensionBee looking on track

Strong customer growth, efficient marketing spend, US close to being 'fully live'

Oct 22, 2025 • Paul Bryant

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