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09 May 2017

Redmayne-Bentley hails progress against uncertain market backdrop

Investment management and stockbroking firm Redmayne-Bentley has hailed progress as its client assets rose to £6.2bn during the last quarter.

Between January and March, total funds under investment management jumped 6.2 per cent, whilst execution-only assets rose 1.9 per cent. 

Year-on-year, discretionary and advisory funds under management increased by 40 per cent and 31 per cent respectively. Meanwhile, execution-only funds were up 21 per cent. During the same period, the FTSE All-Share index rose just over 18 per cent.

The growth has been assisted by a number of investment manager hires across the firm’s 37 UK branches. In particular, the London branch has acquired a total of 16 new investment managers and support staff over the past 18 months. The Henley on Thames branch has also seen a significant period of expansion, with investment managers James Carr, Lizzie Heaver, Andrew Dyson and Duncan Graham joining from Charles Stanley, as well as Stephen Thompson from Walker Crips.

Managing partner David Loudon reported continuing momentum since the end of March, despite renewed uncertainty following the announcement of the General Election. He said: “Clients are increasingly looking for guidance in navigating volatile markets, and as our investment management pedigree becomes more widely known, we are able to attract more of the talented individuals needed to build and maintain strong and long-lasting client relationships.”  

Redmayne-Bentley is due to publish its full-year results in July.

Redmayne-Bentley hails progress against uncertain market backdrop
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