Leeds investment firm passes GBP100m of funds under management
An 18 per cent year-on-year growth in funds under management (FUM) has enabled Leeds-based boutique investment house Myddleton Croft to reach its target of GBP100m of assets under management six months earlier than planned.
Myddleton Croft achieved a turnover of GBP1m last year and is continuing to grow based on the strong performance of its discretionary portfolios and the growing number of independent financial adviser firms and individuals using its investment services.
Julie Jones, managing director of Myddleton Croft, says: “One of our key aims when I became managing director in summer 2015 was to build up the firm’s GBP70 million of Funds Under Management and to have achieved the growth so quickly is a great testament to our ability to attract new clients, increase our clients’ asset values and to the team’s unswerving commitment to providing the very highest levels of service.
“Over the last two years, we have moved offices, expanded the team and made significant investment in a new software management system, all of which have fostered our continued success during a time of turmoil in the markets. We are particularly proud this year to have been recognised in three categories in one of our industry’s most prestigious awards schemes, the national Cityywire Investment Performance Awards. There’s no doubt that the type of bespoke, personal service we are able to provide to IFAs and individuals, together with consistently impressive asset performance are really setting us apart.”
Myddleton Croft has grown to a nine-strong team, working with independent financial advisers, solicitors and accountants throughout Yorkshire and further afield who use the firm’s investment management expertise to complement their existing financial service propositions. It serves private clients, charities, pension funds and trusts.