At Lloyds TSB, wealth management in the UK continues to make good progress with its expansion plans; over 260 advisors have now been trained on an enhanced wealth management offer comprising private banking, open architecture portfolio management, retirement planning, insurance and estate planning services, according to the UK bank’s 2007 report.

As a result, new Investment Portfolio cases increased by 42 per cent and overall wealth management clients increased by 11 per cent. Total new assets under management increased by 42 per cent and wealth management banking deposits grew by 12 per cent; the base figures were not disclosed.