The majority of wealth management firms in the UK will serve investors whose assets are still a long way behind the million mark, according to research.

Two-thirds of UK wealth managers set their minimum investment level at £500,000 ($761,000), according to new research, defying the popular opinion the sector only serves the super-rich.

Minimum investment levels in the wealth management industry are more modest than some might expect, according to online matching service findawealthmanager.com. Additionally, over a quarter of wealth managers on the business's panel will work with clients with £100,000 to invest, while a tenth will work with those with £50,000.

“There are perceptions that professional wealth management is increasingly accessible only to those with very large amounts to invest. Yet our analysis confirms what we have been saying to our users for three years now – namely, that you may be surprised at the choice available for even quite modest investor,” said Lee Goggin, co-founder of findawealthmanager.com.

“As a partnership we place a great deal of store on maintaining long-term relationships with clients...of all sizes to help them preserve, grow and protect their assets. Whilst many of our clients didn’t start out with significant assets – they certainly aspired to do so – and diligently invested modest sums out of income with us over many years to generate sizeable portfolios,” said Killik & Co's senior partner and founder, Paul Killik.