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Wealth managers and their AUM: which firm has most assets per head?

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by James Poulter on Nov 28, 2012 at 12:29

Citywire has crunched the numbers to gain a fascinating insight into how many managers are responsible for wealth firms' assets.

Cave & Sons - £25,000,000

Cave, which was established in 1906 and is one of the oldest surviving firms of independent stockbrokers and financial advisers in the UK, has £150 million in assets under management and six investment managers.

Signature - £28,571,428.57

Signature forms part of listed wealth manager Rowan Dartington, which although has offices around the UK is headquartered in Bristol. Signature has approximately £200 million in assets managed by a team of six investment managers.

Redmayne-Bentley Stockbrokers - £31,134,020.62

Redmayne’s £3.02 billion in assets under management is spread across 97 investment managers. The firm is one of Britain’s biggest independent stockbrokers and according to a Citywire analysis enjoyed 175% growth in its assets under management between 2010 and 2012.

Wells Capital Investment Solutions - £35,000,000

Four investment managers are responsible for Wells Capital’s £140 million in assets under management. The firm works exclusively with professional advisers who are focused on their clients’ needs when it comes to investment management.

GHC Capital Markets - £37,000,000

A total of 10 investment managers look after GHC Capital’s assets under management of around £370 million. GHC offers discretionary and advisory managed investment services through IFAs and other intermediaries.

Brewin Dolphin - £41,528,239.20

Brewin Dolphin has a network of just over 40 offices spread around Britain and is headed up by Jamie Matheson. Brewin has 602 Financial Services Authority (FSA) approved staff who help manage its £25 billion of assets under management.

Thurleigh Investment Managers - £45,000,000

Thurleigh, which was co-founded by Charles MacKinnon and David Rosier, has six investment managers responsible for the firm’s £270 million in assets under management.

Charles Stanley - £45,993,788.82

Listed Charles Stanley’s was established in 1932 and its nationwide network employs some 322 investment managers. Together they look after £14.81 billion in assets under management.

Whitechurch Securities - £46,250,000

Whitechurch Securities is a national independent discretionary provider. There are four investment managers who look after Whitechurch’s £185 million in assets under management, as reported at 20 September.

R.C. Brown Investment Management - £50,000,000

R.C. Brown is an institutional investment manager, but the Bristol-based firm has ambitions to break into the retail discretionary market. It has four managers who look after around £200 million of assets.

Sanlam Private Investments - £50,000,000

Sanlam is an integrated, holistic wealth manager set up to serve high net worth clients in the UK and South Africa. There are 34 investment managers at Sanlam looking after £1.7 billion of assets under management.

Vestra Wealth - £56,000,000.00

Vestra Wealth is a partnership providing customised financial advice and the typical member of its investment team has 20 years’ experience. Vestra’s £2.8 billion in assets under management is run by a team of 50 qualified investment managers and assistants.

Dart Capital - £65,000,000

Dart Capital is based in London and has a tight-knit team of three investment managers. They are responsible for Dart’s £195 million of assets under management.

Richmond House Group (RHG) Investment Management - £65,000,000

RHG was set up in 1964 and since then it has been serving private and corporate clients from its offices in Stevenage, Hertfordshire. Two investment managers oversee £130 million worth of assets at RHG.

JM Finn & Co - £65,263,157.89

JM Finn has its roots in commodity brokerage but over the years it has expanded and evolved into a team of investment managers. There are 95 investment managers at JM Finn & Co looking after roughly £6.2 billion, as reported in September.

Brooks Macdonald Asset Management - £66,982,142.86

Headed up by Christopher Macdonald, Brooks has 56 investment managers responsible for £3.751 billion worth of assets.

Cheviot Asset Management - £68,440,677.97

There were 59 investment managers at Cheviot as at 31st July and £4.038 billion of assets under management, as at the end of August. Based in Liverpool and London, Cheviot has grown to become one of the UK’s largest independently owned discretionary investment management firms.

Quilter - £71,929,824.56

Approximately £8.2 billion of assets under management were being overseen by 114 investment managers at the end of September. With a heritage that can be traced back to 1771, Quilter became independently owned in 2012 for the first time since 1988. With a head office in London, the firm has a network of 12 regional offices throughout the UK and has recently put forward a merger with rival Cheviot.

Collins Stewart Wealth Management - £72,580,645.16

124 investment managers are responsible for £9 billion of assets under management. Alongside London, Collins Stewart has hubs in the Channel Islands and continues to draw upon its offshore heritage.

Investec Wealth & Investment - £76,153,846.15

260 qualified investment managers and assistants manage £19.8 billion of assets at Investec Wealth & Investment. With 15 offices in the UK, including London and Edinburgh, Investec is one of the UK’s biggest investment management companies, thanks in part to acquisitions of Williams de Broe and Rensburg Sheppards.

Smith & Williamson - £85,714,285.71

There are 140 investment managers at Smith & Williamson responsible for around £12 billion of assets. The firm was founded in 1881 and currently operates from six regional offices in the UK and Ireland.

Newscape Capital Group - £95,000,000

Four investment managers, with the help of support staff, have around £380 million under management and advice..

Psigma Investment Management - £96,428,571.43

Psigma has a team of 14 investment managers and £1.35 billion in assets under management. The company is located in London and Birmingham and is part of the larger Punter Southall Group, which was founded in 1988.

Standard Life Wealth - £123,076,923.10

Thirteen investment managers are responsible for Standard Life Wealth’s £1.6 billion of assets under management. The firm is based in London, Edinburgh and Birmingham and according to its last report to investors it enjoyed a doubling of its inflows.

Berry Asset Management - £109,730,000

Six investment managers oversee Berry’s £658 million of assets under management. Berry was established in 1981 as a specialist wealth management boutique and is located in London.

Jupiter - £138,461,538.46

Jupiter had thirteen investment manager and £1.8 billion of assets, as at 30 June, and has been managing assets from its London base for over 25 years.

Seven Investment Management - £143,333,333.33

Thirty investment manager are responsible for £4.3 billion of assets under management. Located in London and Edinburgh, 7IM has been dedicated to delivering investment services to private clients and their professional advisers since 2002.

Veritas - £162,500,000

Veritas has a team of six investment managers who are responsible for £975 million of assets under discretionary management, as at August. The company, which is 100% owned by employees, has offices in London, Zurich and Hong Kong and looks after these assets for private clients and charities.

Close Brothers Asset Management - £166,400,000

Close Brothers had 50 investment managers and £8.32 billion of assets under manager, as at the end of July. Close is based in London but has an additional eight regional offices throughout the UK.

Sarasin & Partners LLP - £168,055,555.56

Sarasin had 72 investment professionals, 27 client directors and £12.1 billion of assets under management at the end of September. The London based specialist investment management firm is partly owned by Bank Sarasin, the Swiss private bank.

Cazenove Capital Management - £178,651,685.39

Cazenove’s £15.9 billion of assets under management is run by 89 investment managers. The firm has five UK-based locations, including an offshore office in Jersey.

Kleinwort Benson - £325,000,000

Kleinwort’s £5.2 billion of assets under management is overseen by only 16 investment managers. The firm has roots dating back to the 1790s and currently runs operations throughout the UK. It has partners spread across the globe.

Ruffer - £391,428,571.43

Ruffer have 35 investment managers and £13.7 billion of assets under management. Founded in 1994, the company has offices in London, Edinburgh and Hong Kong.

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