Results from WH Ireland published this week showed the fee income for the wealth management division represents 85 per cent of the wealth management division’s income, which has GBP1.6 billion of assets under management, of which GBP1.02 billion are under discretionary management.
Results & performance
Novia Financial, which was acquired by private equity firm AnaCap in April last year, reports that it is thriving under its new owners with new leadership and promises continued focus on market-leading service delivery and technology enhancements, to put it at the forefront of next-generation platforms in the years ahead.
7IM Group revenue increased by 31.6 per cent in 2021, climbing to GBP92.3 million from GBP70.1 million in 2020. The firm writes that assets under management
rose by almost GBP3 billion to GBP21 billion as at 31st December 2021 and profit before tax almost doubled in 2021, coming in at GBP9.5 million against 2020’s GBP5.2 million, an 83 per cent increase.
7IM has announced another year of growth with an increase in assets under management over 2020 to GBP18.1 billion.
AIM companies continue to contribute to economy, and have fared better during the pandemic than the FTSE 100, writes AIM, which celebrates the eighth birthday of AIM companies being able to be in an ISA.
eToro Group, a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors, has announced its first quarter 2021 interim financial results, which show 3.1 million of new registered users, up 214 per cent compared to Q1 2020, plus total commissions of USD347 million, up 141 per cent compared with Q1 2020.
Lairgate Financial is marking fifth year of ‘doing advice differently’ with a major rebrand and the planned purchase of prominent Beverley town centre building.
Sendero Wealth Management, a private, partner-led wealth management firm in San Antonio announced has surpassed USD4.4 billion in assets under management (AUM).
Advisors Preferred, an infrastructure provider for investment advisory firms wishing to create and distribute mutual funds, has announced that its assets under management reached USD3 billion as of 1 June, 2021.
eToro Group Ltd (eToro), a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors, has released certain Q1 2021 key performance indicators. This announcement follows the previously announced planned business combination with FinTech Acquisition Corp V (FTV). The company also disclosed audited 2020 financial results.