Evelyn Partners books £600m net inflow as record £2.6bn comes in
Assets under management closed the year at an all-time high of £63bn
Assets under management closed the year at an all-time high of £63bn
AJ Bell Investments grew AUM by 45%
Outflows increased by 6,204% compared to 2023
Group will launch £4.5m in cost-saving measures over the coming months
Follows £3.1bn net outflows in Q3 results last month
CEO Dan Olley said the business remains ‘as committed as ever’ to supporting clients
Total asset up 12.8% versus the £55.6bn logged on 30 September 2023
Investments arm saw £1.5bn net inflows in the year to 30 September
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management
Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
Total outflows increased to £2.1bn in the first half of its financial year
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results