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.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter