Waverton Investment Management has reported assets under management rose to £9.1bn in 2022, boosted by new business despite a difficult year for asset managers.
AUM at the investment manager rose by £504m, or 5.8%, during the year. New business contributed substantially to AUM growth, with the business overall recording net new assets (NNA) inflow of £1.4bn, up from £953m in 2021. According to the firm this represented a £447m or 49.2% overperformance against budget. Waverton's Adviser Solutions channel was particularly successful in 2022, reporting £1.1bn of net positive flows into the fund house's managed portfolio service (MPS), up from £626m the year before. Waverton finds new portfolio manager at Evelyn Partners Although in Decembe...
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