Waverton Investment Management booked net new assets of £1.4bn across the business over the past year, it reported today.
This represents a 42% rise from the £953m in new assets during the previous year. The firm’s total assets under management now sits at £9.1bn.
The strong performance resulted in the company posting revenues of £54.9m last year, up from £50.3m in 2021.
Of the the firm’s total AUM, £2.8bn is managed by its adviser solutions channel, an increase of 55% from 2021. The number of UK-based advisers that the company is working with rose to 573 firms at the end of 2022, up from 356 at the start of the year.
Waverton noted it has increased adviser support across the country, with its MPS service now on over 25 platforms.
The company pointed to integration of the wealth planning service provided by Scotland-based Waverton Wealth as a business ‘highlight’ from the past year. It also noted there had been ‘significant investment’ in technology, operations and people, including the appointment of Alexandra Innes as an independent non-executive director.
CEO Nick Tucker (pictured) said: “2022 has been challenging for the industry and I am proud of the progress that Waverton has made despite market conditions. As CEO of such a thriving firm it is very rewarding to be able to report on the success and achievements of the year. Attracting new business and ensuring we retain our existing clients is made possible by an immense team effort from everyone.”