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 Biotech Growth: we will ride out this storm

Biotech Growth: we will ride out this storm

Geoffrey Hsu of Biotech Growth Trust says the sell-off in biotechnology stocks represents a buying opportunity for long-term investors.

Play Picton: the UK property hotspots for rental income

Picton: the UK property hotspots for rental income

Picton Property Income CEO Michael Morris reveals how he is planning to ride the ‘ripple effect’ as UK economic growth spills out from the capital across the country.

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

Brewin's Foster talks financial crisis MkII with Allianz's Riddell

This week Brewin Dolphin's head of research talks to Mike Riddell, fund manager at Allianz Global Investors, about the forces driving bonds markets in a tumultuous week for markets.

Your Business: Cover Star Club

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

Profile: PortfolioMetrix is on a mission to kill 'Frankenstein' systems

In a buyers’ market for off-the-peg discretionary management, self-funded start-ups begin at an inherent disadvantage

Wealth Manager on Twitter