Press Release

PIMFA Summit – A Wealth of Experience Shared

9th November 2017

Hot topics such as Artificial Intelligence, the future generation of clients and investing in times of populism where on the agenda for the inaugural PIMFA1 Annual Summit yesterday.

PIMFA, the leading trade association for the personal investment management and financial advice sector in the UK, launch in June 2017 as the result of a merger between the Association of Professional Financial Advisers (APFA) and the Wealth Management Association (WMA).

The Summit offered delegates an opportunity to hear from multiple industry panels and expert keynotes.  Breakout sessions dealt with topics such as ‘dealing with effective management of the Bond Portfolios’, ‘the Platform Revolution’ and the ‘effect of Artificial Intelligence (A.I) in our marketplace’ highlighting that recently the industry has witnessed in excess of 800 full or part-funded start-ups in the last two years and over $800 million spent on acquiring of some of these by big players. Wendy Spires, Global Head of Research at WealthBriefing summarised saying “A.I. is already revolutionising virtually every aspect of modern life and financial services is no exception. Even in the rarefied, high-tech world of wealth management, firms are waking up to the possibilities represented by A.I assisted decision-making and intelligent automation to improve the client experience”.

Following this was a panel discussion on ‘Millennials to Gen Z’ where the panellists from Barclays, Investec and Hardy London discussed perspectives on the industry’s future clients and the mentality of these generations. It further debated the industry changes needed in order to better serve this new cohort of investors and how our industry can best engage with them going forward. Markus Ruetimann, Chief Executive at Hardy London Limited highlighted how it is “increasingly important to tell an investment story rather than simply sell product”.

The Alberto Gallo, Head of Global Macro Strategies for Algebris Investments then lead an session discussing the problems of investment in times of populism in politics and how these can dealt with.

The last keynote for the day, Lord Dobbs, well known of the author of House of Cards then entertained the audience with a host of political anecdotes and insightful comments on the future.

The conference was brought to a close by PIMFA Chairman, the Rt. Hon. Lord Deben who concluded by saying “PIMFA gives the voice to our now-united industry which deserves to be heard – above all, the young of today need to be looked after better”.


Notes for Editors

About PIMFA – the Personal Investment Management & Financial Advice Association

  • PIMFA is the UK’s leading trade association for firms that provide investment management and financial advice to everyone from individuals and families to charities, pension funds, trusts and companies.
  • We represent both full and associate member firms.
    Full members provide a range of financial solutions including financial advice, portfolio management, as well as investment and execution services. They assist everyone from individuals and families, to charities and pension funds, all the way to trusts and companies.
    Associate members provide professional services to the PIMFA community.
  • PIMFA leads the debate on policy and regulatory recommendations to ensure that the UK remains a global centre of excellence in the wealth management, investment advice and financial planning arena.  Our mission is to create an optimal operating environment so that its member firms can focus on delivering the best service to clients, providing responsible stewardship for their long-term savings and investments.
  • PIMFA was created in June 2017 as the outcome of the merger between the Association of Professional Financial Advisers (APFA) and Wealth Management Association (WMA) – read more.



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