Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Barclays unveils D2C Wealth Direct plans

Barclays unveils D2C Wealth Direct plans

Barclays is planning to target the direct-to-consumer market with plans to launch a Wealth Direct proposition.

The bank is hoping the proposition will go live in 18 to 24 months and it is set to pull together services across its business, ranging from investment, trading and banking.

Moreover, Barclays Wealth Direct will incorporate the Barclays Stockbrokers platform, aspects of the bank’s premier and retail services, and its financial personality assessment.

Incoming wealth and investment chief Peter Horrell said catering for increased demand for direct propositions following the retail distribution review had motivated the team to develop the proposition.

The move also fits with Horrell's aim to remove duplication within the wealth, corporate, retail and investment banking divisions and pull together different aspects across the group to enhance propositions.

‘Within the UK we have been clear about believing that the direct space is a great opportunity for Barclays, and we are building out those clients that require self-service,’ he said.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Play Wealth managers reveal the best investment ideas of the year

Wealth managers reveal the best investment ideas of the year

From robotics to impact investing, wealth managers share the best ideas they have heard this year.

Read More
Wealth Manager on Twitter