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Jonathan Polin: the big opportunity for wealth firms
by Dylan Lobo on May 06, 2014 at 09:52
A trading update from Ashcourt Rowan today revealed revenues were up from £15.2 million to £16.4 million in the first half.
The performance has left it confident full year earnings will be 36% higher at £3.8 million.
The firm also said the acquisition wealth firm UKWM, completed on 4 April, was being integrated and that it would boost assets under management by £1.3 billion.
Ashcourt Rowan remains on the hunt for similar buys as it looks to exploit the opportunity presented in the major pensions overhaul, revealed in the Budget earlier this year.
Last month Ashcourt Rowan chief executive Jonathan Polin visited Wealth Manager to give us an exclusive insight into the scale of this opportunity and how his firm plans to play it.
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