View more on these topics

Liontrust chair to step down as assets jump £2bn

Liontrust has seen assets under management grow by almost £2bn to hit £12bn in six months to 30 September.

Fund flows hit £723m in the six months, up from £178m for the same period in 2017.

It says the UK demand for sustainable investments, after acquiring the team from Alliance Trust Investments in 2017, had been “underestimated”.

The group says flows were “significantly higher than initially expected” following the completion of the acquisition.

Its largest team by AUM is its Economic Advantage team, headed up by Anthony Cross and Julian Fosh and includes the Special Situations and UK Smaller Companies funds, totalling £5.9bn.

The majority of AUM comes from UK retail investors, accounting for £9.7bn of total assets.

Liontrust reports an adjusted profit before tax of £14.5m, up from £12m last year, an increase of 21 per cent.

Chief executive John Ions says: “It has been another successful six months for Liontrust in which we have continued to make progress in growing and developing the business. We have had strong sales, increased profits and invested across the company to enable us to continue our expansion.

“Net inflows for the first half of our financial year were £723m. This was a strong performance given the environment of investor, economic and political uncertainty.

“We are benefiting from the growing demand for sustainable investment, with the AUM of our team growing from £2.5bn when we acquired them on 1 April 2017 to £3.4bn. This is because an increasing number of institutions and investors realise sustainable is a proven investment style and an ever growing number of people care about how they make their money as well as how much money they make.”

The trading update this morning also reveals that after nine years with the firm, chairman Adrian Collins will be replaced next year by ex-KPMG partner and Liontrust board member Alastair Barbour.



FCA probes ongoing DB transfer advice and costs

The FCA has sent a data request to IFAs asking for the number of clients who have transferred out of a final salary scheme and continue to receive advice. Money Marketing has seen a list of questions the FCA sent to IFAs today as part of its ongoing work into defined benefit transfers. IFAs have […]


National IFA cuts network ties to go DA

National IFA Continuum Financial Services has decided to cut ties with the Caerus network to become directly authorised. The 38-adviser firm says that with assets under influence set to exceed £1bn in the next 18 months, it has opted to go directly authorised so it can have greater flexibility over its client and adviser proposition. […]

Gibraltar Offshore

Police end investigation into head of international pensions firm

Police have ended their investigation into the chief executive of cross-border pensions provider STM Group. A statement from the Aim listed firm – which hit headlines again recently for acquiring a majority stake in embattled Sipp provider Carey Pensions – says that “no further action” will be taken against boss Alan Kentish. Royal Gibraltar Police […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm