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Big banks win the wealth offensive

A survey of the wealth management sector shows the big banks are back on top and winning more business

The big banks have reinforced their position as dominant players in the wealth sector, according to a 2013 global bench-marking survey published by consulting firm Scorpio Partnership.

After analysing financial data for the year 2012, Scorpio discovered the sector enjoyed an average increase in net new money of 23.7%, against a drop of 27.9% in 2011, principally thanks to their success in capturing clients.

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