Members of the Association of Private Client Investment Managers and Stockbrokers (APCIMS), who include wealth management and broking firms, provide a key role in facilitating investment in and providing liquidity for quoted companies, including Small and Mid-Caps, on behalf of private investors. According to the compeer 2009 uK Wealth Management industry report, at the end of 2008 the private client wealth management industry had £335 billion of investment assets under management. Just under 60 per cent of those investment assets were held in direct equities, a small drop from per cent in 2007. in terms of liquidity provision, the compeer.