AJ Bell profits rise 30% as IPO nears
Andy Bell says public listing will deliver reputational and commercial benefits
Andy Bell says public listing will deliver reputational and commercial benefits
Assets hit £46.1bn after strong momentum from advised and D2C markets
Mattioli Woods plans further acquisitions while Openwork passed the 3,500 adviser mark
Tilney Group’s profits doubled from £43m in 2016 to £86.6m for the year to December 2017, boosted by rising assets and fees from financial planning and investment management.
Sustainable investment and global fixed income products boosted Liontrust’s assets under management by 61%, according to its latest full-year results.
Schroders revealed a strong full-year report this morning with net inflows at almost £10bn, compared to £1.1bn in 2016.
Standard Life Aberdeen (SLA) has reported outflows of £31bn in its first annual results as a combined entity following the £11bn merger between Standard Life and Aberdeen Asset Management last year.
Academic publisher Pearson returned to profit in 2017 after posting a loss of nearly £2.5bn in 2016, its annual results showed today.
HSBC has reported its 2017 full year profits were 11% higher than the previous year but this still fell short of analyst expectations.
Terry Smith’s eponymous firm increased profits six-fold last year with the veteran fund manager set to scoop a bonus of more than £8m as a result.
Stonehage Fleming made a return to profit in the last financial year, with revenues and funds under management on the rise.
Hargreaves Lansdown has been forced to scrap its special dividend payout for 2017 in order to save £50m, sending its stock price plummeting on Friday morning.