Wealth Managers and Retirement Solution Providers - Serving up the Goods

By Edison Investment Research, PRNE
Monday, February 21, 2011

Edison Investment Research Financials Sector Report

LONDON, February 22, 2011 - Edison Investment Research's in-depth sector report on UK wealth managers
and retirement solutions providers reviews why these markets offer many years
of structural growth well ahead of GDP, stock market indices and, Edison
believes, investor perceptions. The top-line growth from normalised levels of
savings, individuals replacing employers as the main source of funding
retirement, and an ageing population will occur at the same time as the
supply of advice is falling. In the near term, these sectors, which are
equity market sensitive, should benefit when interest rates rise.

Please click here to view the full report:


The 2011 P/E valuation across the wealth management and retirement
solutions providers discussed in this report ranges from under 7x (IFG)
through the high 20s (Hargreaves Lansdown) with most of the wealth managers
around 13-14x. This is for average P/E growth 2012/09 of c 60%. With positive
equity markets the earnings revisions over the past six months have generally
been upward.

This report includes profiles of Brewin Dolphin, Brooks Macdonald,
Charles Stanley, Rathbone Brothers, St James Place, Syndicate Asset
Management, Hargreaves Lansdown, Share plc, IFG, Mattioli Woods.

Edison is Europe's leading investment research company. It has won
industry recognition, with awards in both the UK and internationally. The
team of more than 65 includes over 35 analysts supported by a department of
supervisory analysts, editors and assistants. Edison writes on more than 280
companies across every sector and works directly with corporates, investment
banks, brokers and fund managers. Edison's research is read by major
institutional investors in the UK and abroad, as well as by the private
client broker and international investor communities. Edison was founded in
2003 and is authorised and regulated by the Financial Services Authority

Contact details: enquiries@edisoninvestmentresearch.co.uk or

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