PlatformsAug 22 2016

Hargreave Hale surpasses £6bn in FUM

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Hargreave Hale surpasses £6bn in FUM
ByEmma Ann Hughes

Hargreave Hale has exceeded the £6bn mark in funds under management despite volatile market conditions in the post-Brexit vote era.

The investment manager revealed the milestone in a note today (22 August). It follows an October 2015 update when the investment manager saw funds under management surpass £5bn for the first time.

Stuart Brookes, joint managing director at Hargreave Hale, said: “Surpassing £6bn in funds under management is a significant achievement, particularly at a time when investors remain uncertain about the country’s economic and political prospects.

“Having reached this milestone, it is important that we continue to focus on the things that have been core to our success – maintaining strong client relationships, delivering quality solutions and providing a first class service.”

Earlier this month Hargreave Hale announced their Norwich branch has attracted more than 250 clients and £85m in funds under administration since it opened a year ago.

The branch opened following the recruitment of Richard Larner and Paul Pearce from Brewin Dolphin as part of the firm’s regional expansion strategy.

Hargreave Hale also opened a branch in Nottingham in May 2015 after appointing three investment managers – Riccardo Landucci, Michael Harvey and Helen English - from Charles Stanley.

In June Mr Brookes said the company is aiming to reach £7bn in funds under management soon.