close targets expansion despite losses in asset management arm
Close Brothers said its intention was for further growth despite losses in the asset management business.
Results
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aberdeen am’s results hampered by volatile markets
Aberdeen AM has reported a fall in assets in the two months to the end of August due chielfy to its equity holdings being hit by market volatility.
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Brooks Macdonald sees 36% growth in assets in its 20th year
Brooks Macdonald’s assets under management grew to nearly £3bn in what is its 2oth year in business.
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Hargreaves Lansdown sees growth in assets and profits
Hargreaves Lansdown’s full-year results show a rise in profits, assets, revenues and client numbers.
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Man Group reports record quarterly sales alongside significant outflows
Man Group’s quarterly results show record sales of $9bn though this was offset by outflows of $5.3bn
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Sales down at Royal London Asset Management
H1 sales down 17% at Royal London Asset Management.
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Ashcourt Rowan’s year-end revenues and losses both rise
Revenues at Ashcourt Rowan increased during this financial year compared to last, as did its losses.
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High yield funds see mass exodus as economic problems grow
EPFR Global shows high yield and floating rate funds are at the top of the redemptions league table.
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Axa Wealth sales elevated by platform
Sales on Elevate rise 107%, underpinning strong growth for the firm.
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Inflows fall 38% at Standard Life Investments
Inflows at Standard Life Investments fell 38%, from £4.7bn to £2.9bn.
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Charles Stanley profits rise despite hit from FSCS levy
Charles Stanley reports record revenues despite £2.6m being paid as the FSCS levy in January.
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Income, profitability and assets all climb at Towry
Wealth advisers Towry sees record income, profitability and discretionary assets under management.