Ashcourt Rowan

Ashcourt Rowan Asset Management is to buy the assets of Generali Portfolio Management (UK) and take on its team of seven employees.

City Financial's Leigh Himsworth has sold out of Brooks Macdonald and switched into Ashcourt Rowan, following a run up in the price of shares in the former which has left them at 'expensive' levels.

Wealth manager Ashcourt Rowan posted a loss of £2.5m in the 12 months to April as the group continues its transformation into a holistic financial planning business.

While asset managers have enjoyed 12 months of healthy bottom line growth, some of the UK's highest profile wealth managers appear to be at a different stage of the cycle.

Ashcourt Rowan will consider ‘gap fill' acquisitions of small fund businesses as it targets a new phase of growth, according to CEO Jonathan Polin.

Wealth manager Ashcourt Rowan today said revenues had fallen in the last year amid a restructure of the group as it looks to prepare for future expansion.

Wealth manager Mattioli Woods has acquired the pension administration business of Ashcourt Rowan in a deal which could be worth more than £1.3m.

Our ten most popular stories of this week were something of a mixed bag - readers wanted to know which were the most popular funds of Q1, why equity valuations could be misleading, and who was the latest high profile hire at Ashcourt Rowan.

Ashcourt Rowan's new head of funds research has moved to counter dwindling bond market liquidity by adding funds with "more stable" asset bases to the group's buy list.

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