The group’s AUM increased from £65.6bn to £67.9bn in the period, up just over £4bn from last year. Total profit after tax was £65.8m, compared to £50.2m last year and net retail inflows hit £600m.
In a statement to the stock market, the group said strategic repositioning was having a positive effect in generating momentum across the business both in terms of client and financial performance.
Chief executive Andrew Formica said: “Our strong financial position is enabling us to continue to invest in both our investment and distribution capabilities to further our growth. With these solid foundations in place and our strong cash generation and sound balance sheet, I am confident about the outlook for the Group.”
A few weeks ago the firm announced advisers could receive commission payments late as it needed to ensure the payments complied with RDR. Find out more here.
