ZEDRA sees record new client inflows and revenue growth in the UK
By Joy Dumasia
Zedra, the global specialist in Active Wealth, Corporate, Global Expansion and Fund Services, expects to see triple-digit revenue growth in 2021, has expanded its client base by 20% between October 2020 and June 2021. Zedra’s headcount has also tripled in the same period with an additional 139 employees, and the firm expects to capitalise on the UK’s growing levels of wealth.
Indeed the Global Wealth 2021 Boston Consulting Group report revealed that in 2020, UK wealth grew faster than the European average; 7% in the UK compared to 5% for Western Europe.
Over the past year, Zedra made two key acquisitions in the UK: Global Expansion firm Fitzgerald & Law, Institutional Pension Scheme Governance service provider, Inside Pensions.
The UK is set to see a period of enormous intergenerational wealth transfer with the Baby Boomer generation has benefited from the more generous Defined Benefit Pensions, the long term rise in the stock market and the boom in house prices.
Over £300 billion is set to be passed on to Generation X throughout this decade. The generational transfer of wealth presents numerous opportunities to individuals and businesses seeking Zedra’s estate and wealth planning solutions.
Richard Wakeham, Head of Commercial & Solutions, UK and Offshore at Zedra, said: “The stage is set for a very busy period of growth for the UK, and we are expecting an influx of people, business and capital. ZEDRA is primed to support that growth and has a fantastic team of specialists ready to step in and support our clients in achieving more in the UK.”
Zedra is a global provider of Corporate Services & Global Expansion, Active Wealth and Fund Solutions. The firm’s teams deliver tailored solutions to clients who include high net worth individuals and their families seeking diversified active wealth solutions, as well as medium to large-sized companies, asset managers and their investors.