The wealth manager’s total assets under management and administration increased to £2.94 billion over the course of the year.
The firm said its client base has grown across both its wealth management and intermediary divisions, with total gross inflows of over £453m in 2016. New business was generated primarily through referrals and this was complemented by ‘high client retention rates’.
In 2016 Heartwood launched two new ethical multi asset investment strategies. The Ethical Balanced and Ethical Growth strategies. It also appointmented of Paul Rose as intermediary client director, Charu Lahiri as an investment manager and Justin Ralph as business manager.
Head of Heartwood Investment Management Noland Carter said: “We have entered 2017 on the brink of surpassing the £3 billion milestone having attracted significant inflows across all our client divisions. These have been further strengthened through hiring a number of talented senior individuals as well as investment in our income and ethical fund ranges. All of our global multi asset fund portfolios, underpinned by a strict risk framework, continue to deliver a consistently strong, long term performance and enable all our clients to benefit equally.”
