Wealth managers and fund managers are the most likely financial services firms to recover swiftly post-lockdown, according to predictions from a City adviser and research company.

Robo-adviser Nutmeg believes it has bucked the trend in the beleaguered digital adviser sector with 41% year on year growth in AUM.

Nearly 6 in 10 wealth managers are turning away clients who fall below their minimum investment level with more adopting this strategy as costs rise and fees fall.

New research has revealed just over half (55%) of wealth managers will survive if they do not digitally innovate.