First quarter trading update Paul Stockton, Chief Executive of Rathbones, said: Total funds under management and administration rose 2.0% in the first quarter to £55.8 billion reflecting continued good organic growth. Our Funds business grew strongly, surpassing the £10 billion mark during the period, and combined with improved net organic inflows in our Investment Management business and positive market movements to deliver strong income growth. We continue to deliver on our strategy, progressing our responsible investing agenda with the addition of four new Rathbone Greenbank Multi-Asset Portfolios in the first quarter. As markets begin to look beyond the pandemic, we will pursue our plans to strengthen services to clients and advisers and take advantage of future growth opportunities.
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15 April 2021 | 09:22am
StockMarketWire.com - Wealth management services group Charles Stanley reported a slight uptick in quarterly funds under management and administration in the fourth quarter as positive market performance continue to boost assets.
Total funds under management and administration increased over the quarter to 31 March 2021 by 2.0% to £25.6 billion. This rise mirrored positive market performance adding £0.5 billion to FuMA and compares favourably to a 1.6% increase in the MSCI PIMFA Private Investor Balanced Index over the same period, the company said.
The average FuMA over the financial year to 31 March 2021 was £23.2 billion, a decrease of 4.1% from £24.2 billion over the prior financial year, reflecting the stressed market conditions during the COVID-19 pandemic, it added.
11 March 2021 | 09:19am
StockMarketWire.com - Wealth manager Brooks Macdonald reported record annual funds under management driven by lower net outflows and increased investment performance.
For the six months ended 31 December 2020, Funds under management reached a record level of £15.5 billion, u 13.3% from £13.1 billion in 2019.
Investment performance of 9.5%, bettered the increase of 6.5% in the MSCI PIMFA Private Investor Balanced Index, the company said.
Net outflows fell to £367 million from £506 million a year earlier, with Q2 stronger than Q1.
Underlying pre-tax profit was up 21.7% to £14.0 million year-on-year as revenue increased by 1.8% to £55.9 million.
The interim dividend was raised by 9.5% to 23.0p a share.