Premier Asset Management has seen its profit before tax jump by 38.3% in the financial year to 30 September, while assets under management have been pushed up to a record high by continuing strong inflows.
The group's profit before tax for the financial year was £15.9m, up from £11.5m in the year ending 30 September 2017, helped by the rise in assets under management (AUM). AUM jumped to a record high of £6.9bn for the period, driven primarily by strong net inflows of £734m, marking 22 consecutive quarters of positive net flows. CEO Mike O'Shea said: "Although investment and political conditions have remained uncertain, Premier achieved another year of strong net inflows supported by good performance, relevant products, including our broad range of multi-asset funds and our strong distr...
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