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Q1 2013 inflows were double that of the same period in 2011. The firm had also reported net outflows for 2012 of £495m, which were in part attributed to large cyclical outflows in Q1.
Funds under management reached £50bn, an increase from the £47.6bn reported at the end of 2012.
In March this year the firm announced it had signed a £219m deal to acquire the life insurance and asset management businesses from the Co-operative Banking Group. The deal is estimated to increase RLAM’s AUM to £70m.
Key events for wealth managers in the week beginning 25 November
The label will come into effect on the 27 November
Global climate assets up 6% in first nine months of 2024
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained
88% of companies globally either raised payouts or maintained their level
Number of women in the industry increases but female representation in the 50-64 age bracket declined, according to inclusion report
