UK business in the black as FUM shrinks by 5.2% to £1.6bn
FUM increased by 17.5%
AUM up 60% over two years
The Investment Association has unveiled a 10-point Statement of Principles to help firms put clients' interests first, which has been signed by 25 asset management firms.
Brooks Macdonald has seen an increase in its funds under management over its financial third quarter, driven by new discretionary business.
Rathbone Unit Trust Management has seen its funds under management soar by 16.7% in the first quarter of 2014, according to results published today.
Rathbone Brothers has seen a successful 2013, with total funds under management rising 22% by the end of the year to £22bn.