Mike Ayres –
Financial Services Sector Specialist
With all the changes that have impacted on the Financial Services sector in the last few years (Changing regulation, Brexit) it is almost a surprise that the sector has continued to grow, and some may say thrive, in the UK.
However it should not, as the real asset the UK possesses is the people who work here, it is due to them that London has become so powerful as a financial centre and it is because of the network of firms and knowledge that the sector will continue to call the UK its home for years to come.
Though of course there will be continuing challenges, the ongoing negotiations over the exit from the EU will present an ongoing threat but also a potential opportunity for firms in the UK to do things a little differently. The way the UK is leading the charge in using technology to solve some of the financial systems problems is both a strength and also a threat to small businesses. As new ways of doing things emerge, time efficiencies and streamlined advice to their clients will become more difficult for a traditional firm to compete with. It is important that all firms in the sector get on board with these changes and embrace them to avoid getting left behind.
Menzies Financial Services Expertise
Menzies works with clients across the sector including mortgage and insurance brokers; investment businesses; platforms offering P2P lending and crowdfunding solutions; fintech business; asset managers and alternative investment schemes. We have the knowledge that is required to help navigate the regulatory requirements including client money and GABRIEL requirements as well as the expertise to help understand the issues businesses face, suggesting innovative and #BrighterThinking solutions that help businesses to grow.
Mortgage & Insurance Brokers
Whether a broker, intermediary or working with London Markets, there are questions to answer.
Find our what you may need to consider if you are caught by the requirements of the Client Assets Sourcebook.
A competitive and tough sector with many challenges. What are you doing to get ahead?
With so many new ideas coming out of the woodwork, find out what we think you should be thinking about.
Alternative Investment Funds
Alternative investment funds of ‘AIFs’ that do not meet the requirements for exemption are considered to be ‘full-scope’ and therefore subject to more stringent FCA regulation.
Asset Managers’ main objectives are to achieve growth for their clients by making the right investment decisions that will increase the overall value of their clients’ funds.
More Financial Services Brighter Thinking
Extended Thought Leadership
Can incremental productivity gains deliver lasting value?
Most people already know that UK productivity is not as strong as it should be, but do you understand why it matters and what you can do about it?
In our latests business services insights report, we explore why and how business owners can boost productivity within their own operations.
Everyone Wants ‘More for More’
The customer mantra ‘we want more for less’ seems to crop up with remarkable regularity when discussing budgets and plans for the year ahead.
Instead of giving into such cost pressures, however, most forward-looking business services firms realise that the key to growth is convincing customers that they are worth ‘more for more’ – but how should they go about it?
Useful Financial Services Links
Menzies Business Services Sector Advice
We advise lawyers, barristers, accountants, marketing, advertising and recruitment practices, as well as sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.