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Barclays Wealth has been named the UK's largest wealth manager by financial publishing company Private Asset Managers (PAM) for the fifth consecutive year.

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With £50.7bn of total assets under management, Barclays Wealth leads other UK wealth managers, including Coutts & Co with £43.5bn, UBS with £33.8bn and HSBC with £20.9bn.

James Anderson, founder of PAM, said: "Barclays Wealth remains top of the pile, both in terms of assets under management and the number of client accounts.

"With the broad range of wealth management services it can make available, Barclays is one of the few large global banks that has continued to do relatively well in the private client world."

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