The UK investment management industry is booming – and the numbers prove it. According to the latest figures from the Investment Association (IA), total assets under management hit a record-breaking £10 trillion in 2024, marking a 10% year-on-year increase.

It’s a remarkable milestone that reflects a year of strong market performance, growing overseas interest, and a surge in retail investor participation. For the first time, overseas clients now account for more than half of UK-managed assets, while retail investors have overtaken pensions as the largest single client group.

In this latest episode of the WealthDFM Podcast, hosts Sue Whitbread and Matt Williams are joined by Miranda Seath, Director of Market Insight and Fund Sectors at the Investment Association, to assess what’s behind these record-breaking figures and what they mean for wealth managers, advisers, and the wider investment community.

Together, they discuss:

• What’s driving the UK investment management sector’s 10% AUM growth
• Why overseas investors are increasingly choosing UK firms to manage their assets
• How retail investors are reshaping the market and what this means for future product and advice trends

As Miranda explains, these shifts reveal both opportunities and challenges for the UK as a global centre of investment excellence and for advisers helping clients navigate an evolving marketplace.