Premier Asset Management said it expects its new service for financial advisers to be available later this year, as it announced its 20th consecutive quarter of assets under management (AUM) growth.
Premier said in March it is to launch PremierConnect, a digital service financial advisers to invest clients directly in Premier funds, offer client specific portfolio reporting, and enable the payment of advisers.
In its update to the market this morning (10 April), Premier said it expects this service to be available towards the end of the year.
The company reported AUM of £6.4bn at the end of March 2018. This compares with £5.5bn at the end of March 2017.
Inflows for the first quarter of 2018 were £175m, this compares with £170m for the first three months of last year.
Mike O’Shea, chief executive at Premier, said: “Looking ahead, it seems likely that although interest rates will head higher as the global economy improves, they will remain lower overall than in previous economic cycles.
"With equity markets now looking through the current economic upturn to what lies beyond it is likely that market volatility will be higher than in recent years and political uncertainty will continue to have an impact.
“In this environment, we believe there will be good opportunities for actively managed funds to produce attractive long-term investment outcomes for investors.
"We are confident that our investment teams are well placed to navigate these challenges for our clients.”
David.Thorpe@ft.com
