The wave of capital flowing between wealth of managers has eased, as wealth creation has slowed and high net worth individuals have become more reluctant to shift their accounts to rival managers.

Financial News analysis has found that around $200bn (€148bn) of funds flowed to, between and away from Europe's top 15 wealth managers last year, down from $250bn in 2008, a fall of 20%. Nearly half of the fund flows last year is attributed to outflows from UBS's wealth unit.