Tavistock Investments grows FUM by 332% in a year

Despite 'uncertainties surrounding Brexit'

Tavistock Investments has reported a huge 332% growth in funds under management to reach £769m in its full-year results released this morning, covering the year to 31 March 2017.

During the 12-month period, the group saw a 22% increase in revenue to £36.4m, and a 104% increase in net assets to £18.2m. But the biggest growth was seen specifically in its investment management part of the business which saw its funds under management (FUM) increase by 332% from £178m to £769m. £603m of this is managed on a discretionary basis. Following the period under review, the firm expanded its range of risk progressive funds over the year with the launch of the Acumen Bond Portfolio, the Acumen Equity Portfolio and the Acumen Strategic Portfolio. In the advisory space, T...