Harwood grows asset pool by 75%

17 acquisitions made

Natalie Kenway
clock • 1 min read

Harwood Wealth Management has reported a 75% increase in assets under influence (AUI) in its first full-year results since listing on AIM.

The wealth management firm said AUI had climbed from £1.2bn to £2.1bn in the year to 31 October 2016. Revenue was also up 47% to £11.6m, compared to £7.9m in 2015. The period has seen 17 acquisitions by the firm, which had an aggregate consideration of £11.7m or 1.9% of AUI,  and the launch of its own investment platform in partnership with AJ Bell. Harwood Wealth: Acquisition hunt on track despite Brexit uncertainty Peter Mann, chairman, said: "I am delighted to be able to report our maiden set of results since our successful IPO on AIM at the end of March last year. It has onl...

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