The total AUM increased from £5.84bn to £6.1bn over the three months to 30 September 2017, thanks to net inflows of £205m.
Premier’s third quarter also saw a boost and total net inflows for the 12 months stood at £747m.
“This has been another very successful year for Premier Asset Management”, said Mike O’Shea (pictured), chief executive officer.
Despite strong net inflows and AUM growth, the asset manager was hit with approximately £1.4bn in outflows over the last 12 months.
However, O’Shea added: “This strong performance has been achieved despite a considerable amount of economic uncertainty during the year.
“The economic and business challenges relating to the UK’s departure from the EU are no clearer than they were several months ago and this uncertainty looks set to persist for some time yet.”
Premier has adopted a quarterly dividend policy, expecting to pay three smaller interim dividends followed by a larger final interim dividend.
The final quarterly dividend amount for the three months ended 30 September 2017 is expected to be announced on 30 November 2017 with an ex-dividend date of 7 December 2017 and a payment date of 5 January 2018.
