Jupiter tipped to reap rewards as consumers 'fend for themselves'

Jupiter has been tipped as a likely winner in the asset manager space as the gap between those who receive advice and those who do not widens and pushes more consumers to self-invest.

A note from broker Shore Capital predicts pre-tax profits will have risen from £70m to £95m when it reports its 2012 numbers tomorrow. Key to its success, Shore Capital analysts Own Jones and Gary Greenwood claim, is the 'excellent' brand presence they say it enjoys in the UK retail market. As a result of this, they expect the company's funds to continue to thrive and enjoy solid inflows as retail investors - split further into those who can and those who cannot afford advice - pick their own funds and go with what they know. "We believe Jupiter's Merlin fund suite has an excellent...