Helped by winning a number of significant mandates, AUM grew 6% in the half-year, despite a 2% fall in the FTSE All-Share index, with a particularly strong 24% rise to £949m in the more valuable discretionary FUM. This actually exceeded the rise in total AUM as the move to a fee-based system has led, in those clients’ interests, to the closure of some inactive accounts rather than charge the clients for services that they do not, and do not plan to, use. Indeed, without this the growth would have been even more impressive.
21 Jul 2016
Strategic progress in choppy waters
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Strategic progress in choppy waters
WH Ireland Group plc (WHI:LON) | 4.2 0 0.0% | Mkt Cap: 10.0m
- Published:
21 Jul 2016 -
Author:
John Borgars -
Pages:
4
Helped by winning a number of significant mandates, AUM grew 6% in the half-year, despite a 2% fall in the FTSE All-Share index, with a particularly strong 24% rise to £949m in the more valuable discretionary FUM. This actually exceeded the rise in total AUM as the move to a fee-based system has led, in those clients’ interests, to the closure of some inactive accounts rather than charge the clients for services that they do not, and do not plan to, use. Indeed, without this the growth would have been even more impressive.