Assets under Management
Each member firm has their total UK AUM figure requested twice annually:
This figure covers all assets where the day-to-day management is undertaken by managers within the firm and based in the UK. By “managers” we mean the individuals who undertake discretionary asset management.
As such the focus is on the location of the manager, and not on the location of the client, the fund domicile or the relationship management.
THE NUMBER INCLUDES:
THE NUMBER DOES NOT INCLUDE:
COMPARISON WITH THE FCA’S A007 FIGURE
The Investment Association’s definition of UK AUM ought to correspond with the FCA’s A007 Funds under Management figure in all but two respects: