Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Investec Wealth & Investment sees £1.1bn net inflows

Investec Wealth & Investment sees £1.1bn net inflows

Investec Wealth & Investment, led by Jonathan Wragg (pictured), saw net inflows of £1.1 billion in the nine months to the end of December with the group’s asset management arm attracting £2 billion.

Investec’s total operating income rose 1% year-on-year with recurring income as a percentage of total income rising to 74% from 71%, the company said in an interim management statement.

The group’s cash pile has now grown to £8.1 billion and this could be bolstered further by the potential sale of its intermediary mortgage business, Kensington. Investec said it has appointed Fenchurch Advisory to oversee a potential sale, although there is no guarantee one will take place.

The company’s year-end results will be announced on 22 May.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter