Big Interview: Premier chief unveils three-year plan to double AUM

BIG INTERVIEW

Premier Asset Management's Mike O'Shea talks to Kyle Caldwell about how the firm plans to double its AUM in the next three years, the potential for acquisitions, and the challenges it faces to grow its footprint in the UK fund management space.

In a post-RDR world where fund management margins and charges are coming under increasing pressure, smaller providers could feel the squeeze more than most. The rising popularity of the restricted advice market will inevitably leave some smaller firms in the shade, as the top ten players in the market fight it out for places on respective fund buyer panels.  The proliferation of ‘clean’ share classes has added another layer of cost, as fund groups have had to launch a multitude of charging structures to meet regulatory requirements. This is why, according to Mike O’Shea, it is more...