PIMFA Taps BWC Benchmarking to Bolster Wealth Management Data

The collaboration integrates BWC’s technical sector data with PIMFA’s regulatory and policy expertise, aiming to provide firms with actionable intelligence for strategic planning. By embedding these insights into the existing membership framework, the trade association intends to help businesses navigate an increasingly competitive financial landscape.

David Ostojitsch, director of government relations and policy at PIMFA, noted that high-quality data is essential for firms operating in a fast-changing environment. BWC Benchmarking CEO James Brown characterized the partnership as a logical expansion of his firm’s reach, citing PIMFA’s influence within the wealth management sector. The deal follows BWC’s formation earlier this year, which occurred after the firm acquired the core services of Compeer.

Recent data from BWC underscores the volatility currently facing the industry. A January report revealed that while investment assets grew by 10.2 percent, sector costs outpaced revenue gains, rising 6.6 percent compared to a 4.8 percent revenue increase. This margin pressure resulted in a 0.8 percent dip in pre-tax profits, highlighting the importance of the granular benchmarking the new service aims to provide.