Changes to the FTSE/WMA Private Investor Index Series Become Effective
1st May 2015
Changes have been made to the asset weightings used to calculate the FTSE/WMA Private Investor Index Portfolios.
These changes were endorsed by the FTSE/WMA Private Investor Indices Committee on 19th March 2015 and became effective as of today (1st May 2015).
Details of these changes can be found at: http://www.ftse.com/products/indices/WMA
Notes for Editors
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About the Wealth Management Association (WMA)
The Wealth Management Association is a trade association that represents 186 firms and prides itself on working for the investment industry. Of this number 110 members are wealth management and stockbroking firms that deal directly for private investors. They deal in stocks and shares and other financial instruments for individuals, trusts and charities and offer a range of services from execution only trading (no advice) through to full portfolio management. The remaining 76 are associate members who do not deal directly for the private investor but provide professional services to our member firms.
- Our member firms manage in excess of £650 billion of wealth in the UK, Ireland, Channel Islands and Isle of Man and operate across more than 580 sites, employing c.32 000 staff.
- They also run just under 6 million client portfolios, carry out over 20 million trades a year and represent over 4 million private investors in the stock market.
- WMA’s aim is to ensure that regulatory, tax and other changes across Europe are appropriate and proportionate for the investment community.
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