There are some sharp trends curving at the moment,
My 2 cents
Industry trends. Massive decline, huge focus on cost reduction (reducing wages, increased automation). This is driven partly by regulatory changes since 2008 and partly by ultra low interest rate environment meaning its very hard to make money. As a result customers want lower fees. Also new products like ETFs mean more clients can “manage their own money” so don’t want / need much advice and won’t pay for it.
You might want to read up a bit about St James Place as an example of a comission based wealth management business. Then find some “big bank” type operations, eg HSBC or Barclays for example.
Wealth Mgmt is (IMO) a mid tier between basic banking and full Private Banking for truely rich
FYI. A lot of wealth mgmt went to Singapore when Europe tightened up rules / disclosure on offshore accounts.
Recruiting sounds like companies trying to hire/poach relationship managers (eg salespeople) who will bring their clients with them to new employer. Excuse my cynicism but been in finance for 30+ years.
Good luck.