JM Finn reports 125% increase in flows
Wealth manager JM Finn has reported a 125% increase in net organic flows for the year ending 31 December.
Funds under management and administration reached a record high of £11.7bn, an increase of £1.6bn year-on-year.
The wealth manager saw discretionary net inflows of £323m for the year.
Net fees and commission income also rose 12.5% year-on-year.
Profits for the wealth manager were broadly flat, due to one-off costs associated with a London office move.
Hugo Bedford, CEO of JM Finn since January 2021, said: “Our staff and clients have demonstrated tremendous resilience following the challenges of 2020 and I am delighted that the firm continues to grow as we offer our high quality, personal services to a wider range of clients.”
The wealth manager ended the year with 18,500 clients.
It is headquartered in London with offices in Bristol, Bury St Edmunds, Leeds and Winchester and offers multi-asset portfolios, discretionary portfolio management, and managed portfolio services to financial advisers.