Liontrust Asset Management chief John Ions has warned of fund flows being controlled by “fewer, more powerful distributors” despite reporting £181m in net inflows in its first half.
Ions says: “The changes brought on by RDR should not be underestimated. There may be much focus on price and consumer outcomes but it has also clearly identified that distribution power is now vital.
“An even greater amount of fund flows all be controlled by fewer, more powerful distributors. These changes will create tremendous opportunities and pose significant threats to asset managers both big and small.”
Inflows during the first half to September 24 of £181m were reported by the asset manager compared with £59m during the prior-year period.