Premier Miton's AUM grows 31% as it hits nearly £14bn

Net inflows up £830m

Premier Miton’s assets under management grew more than 30% in the 12 months to the end of September, hitting almost £14bn.

Net inflows for the period were up £830m, with positive flows across all four quarters, according to the firm's full year results statement. Pre-tax profit was also up, rising 82% to £17.5m during the period, while the company's cash balance was up 32% at £47.7m. Premier Miton has proposed a final dividend of 6.3p per share, up 40% on the 4.5p per share paid in 2020. This brings to total proposed dividend for the year up to 10p, the company said. "As a business we have a clear medium-term goal of growing our assets under management to £20bn and beyond. As part of this growth ambition,...