The asset management division of Close Brothers, comprising both advised and managed solutions for clients, turned a profit in the six months to February thanks partly to a 6% increase in overall assets under management.
Brewin Dolphin is planning to increase the number of open-ended funds it recommends to clients by 25% in the coming months as it seeks to provide more income plays.
Close Brothers Group has reported an uptick in funds under management in its asset management business, according to a trading statement released today.
Liontrust's Stephen Bailey and Jan Luthman have been upping their exposure to asset management firms ahead of an anticipated "triple positive whammy" for the sector in the years ahead.