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Heartwood breaches £2bn asset landmark

Heartwood breaches £2bn asset landmark

Heartwood Investment Management saw record inflows over the first half of the year, powering assets past the £2 billion mark.

The dedicated investment division said its range of multi-asset funds saw the most substantial inflows during the period, with over £1.1 billion in assets under management at the end of June.  

Heartwood’s client base has grown across its private client, charity and intermediary divisions, with total inflows of over £600 million over the past 12 months. New business was generated primarily through referrals.  

Heartwood’s intermediary division also noted increased inflows over the past six months after signing several new partnerships with adviser platforms.  

Noland Carter (pictured), head of Heartwood Investment Management and a former Wealth Manager cover star, commented: 'We have surpassed the £2 billion milestone of discretionary funds under management, having attracted significant inflows across all our client divisions.These have been further strengthened through hiring a number of talented senior individuals. All of our global multi asset fund portfolios, underpinned by a strict risk framework, continue to deliver a consistently strong, long term performance and enable all our clients to benefit equally, from ISA investors to corporates.'

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