Crux AM declares dividend despite revenue fall
Final dividend totalling £400,000 as post-tax profit for the year ended September 30, 2020, hit £1.9m
Final dividend totalling £400,000 as post-tax profit for the year ended September 30, 2020, hit £1.9m
But maintains its £23.5m dividend
Platform provider also posts a 21% increase in revenue for the six months to end of March
It was the third top selling fund group in Q1 with £924m of net retail sales
SJP attracts £2.9bn of net inflows, while Schroders buoyed by funds business
Charles Stanley ‘cautiously optimistic’ worst of pandemic is over while Brooks Macdonald ‘on track’ to meet expectations
The merger of two firms in November last year has cost £4.5m
Asset manager that spun out of Investec also suffers loss of institutional mandates in global strategies
Wealth management division suffered fall in profits but AUM increased
Comes after ONS revealed record spike in household savings in Q2
But unit trust business at Rathbones enjoys annualised growth of 19.6%
Liontrust AUM does not include acquisiton of Architas or recent offloading of Asia Income team