RLAM reports record net new business inflows
RLAM took in £835m from wealth managers in 2013
RLAM took in £835m from wealth managers in 2013
Walker Crips reports 33% rise in AUM over the quarter
According to the group’s final results to 31 December 2013, the division now has client assets of £204.8bn, up from £186bn for the previous year. Both its total and net operating income figures were largely flat, with a 4% decline in net operating income, to just more than £1.7bn. Total operating expenses were 21% higher…
Investec's wealth and funds arms took in a combined £3.1bn over last nine months
Total clients funds were up‚ but costs also rose.
Hargreaves Lansdown has announced it will delay revealing its RDR pricing model until early 2014.
Liontrust continued its trend of superior business results, with its latest half-year trading statement showing assets under management up by close to £400m.
Henderson made £101.1m before tax in the six months to June, a half year record for the group and an increase of just under £20m from the same period last year.
Charles Stanley Q2 2013 revenue was up 31% year on year due to an increase of funds under management and returning investor confidence.
Arbuthnot Latham’s first half-year results since the introduction of RDR has seen a jump in assets under management of more than 25% contributing to its parent company’s sustained growth over the same period.
Close Brothers Asset Management's AUM increased 4% between February and April, bringing the year-to-date increase up to 10%.
Despite outflows of just over £1bn from its third-party institutional business, F&C Asset Management is moving ever closer to running £100bn in assets, according to its latest interim statement.