Aberdeen clients pull cash due to UK Budget uncertainty; AuM up 9%

(Sharecast News) - UK asset manager Aberdeen posted £3.9bn in net outflows for 2025 as uncertainty surrounding the British government's Budget saw clients pull their cash in the fourth quarter. Assets under management rose 9% to £556.0bn in the year to December 31, benefiting from positive markets, the company said on Wednesday.

"Aberdeen is in much better shape than it was a year ago with each of our three businesses making progress as we deliver on our strategy to become the UK's leading Wealth & Investments group," said chief executive Jason Windsor.

Adviser net outflows were £0.8bn in the fourth quarter, impacted by pre-UK Budget redemptions, but full-year outflows improved to £2.2bn. Investments AUM increased by 6% to £390.4bn, with Q4 net outflows of £3bn, which included a £4.5bn withdrawal from low-margin quant funds.

The company expects full-year 2025 adjusted operating profit to be in line with market expectations.

Reporting by Frank Prenesti for Sharecast.com