The service will provide member firms of the UK-based organisation with details such as peer comparisons and broader market intelligence.
PIMFA, the trade
association representing wealth managers and financial advisors
throughout the UK, has agreed with BWC Benchmarking to
develop a new benchmarking and business insight service for PIMFA
member firms.
The new initiative, which will form part of PIMFA’s existing
member proposition, is expected to be launched later this
year, BWC said in a statement this week.
Developed in partnership with BWC, formerly Compeer, the service
will provide member firms with access to benchmarking insights,
peer comparisons, and broader market intelligence as part of
their membership, helping to support strategic planning, business
performance, and operational decision-making.
The agreement combines BWC’s benchmarking expertise and
sector data with PIMFA’s industry reach, member engagement and
understanding of the policy and regulatory environment.
“Access to high-quality data, peer comparison and market insight
is becoming increasingly important for firms operating in a
competitive and fast-changing environment,” David Ostojitsch,
director of government relations and policy at PIMFA, said. “By
combining BWC’s trusted benchmarking capabilities with PIMFA’s
understanding of the sector, our member community and our
engagement with policymakers and regulators, we have an
opportunity to create something that delivers real value for
firms.”
“This initiative represents another important enhancement to the
PIMFA member proposition and demonstrates our ongoing commitment
to ensuring members receive practical support, relevant insight
and tangible benefits from their membership,” Ostojitsch added.
James Brown, CEO of BWC Benchmarking, said: “PIMFA represents a
significant and influential community of wealth management and
financial advice firms, making it an ideal partner as we continue
to expand the reach and impact of our benchmarking capabilities.
BWC Benchmarking was formed in 2025, following the acquisition of
Compeer’s core services. In January, the organisation
issued its State of UK Wealth Management Report
(based on data collected from wealth management firms throughout
2025). It highlighted that sector costs rose 6.6 per cent
year-on-year; revenues rose 4.8 per cent; pre-tax profits
dipped 0.8 per cent; investment assets rose 10.2 per cent; and
staffing gained by 2.8 per cent. Private banks remain the largest
contributors to overall industry revenue.
Separately, PIMFA said yesterday that Nigel Stockton, CEO of
TrinityBridge, has been elected to its board of
directors.
(Bruce Weatherill, chairman of BWC Benchmarking, is also chairman
of ClearView Financial Media, publisher of this news service.)