Independent  

Hargreave Hale York office hits £200m funds target

Hargreave Hale York office hits £200m funds target

Investment management company Hargreave Hale's regional office in York has exceed the target of £200m in funds under administration for the first time.

This was achieved from a client base that has reached more than 500 since its launch just over two years ago. 

The office was set up to be a key outpost in the firm’s regional growth strategy that included the addition of offices in both Nottingham in May last year and Norwich in August 2015.

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Jim Meysey-Thompson, York office manager at Hargreave Hale, said: “Surpassing £200m in funds under administration is a major achievement for us and shows the value of continuing to provide a bespoke investment proposition, at a time when an increasing number of industry participants are cutting back on their service offerings, creating a growing advice gap for investors.” 

In August, Hargreave Hale saw its total funds under management pass £6bn for the first time.

A spokesman for the firm stated it has "continued to attract strong inflows through its private client and fund management arms" despite the volatile post-Brexit market.

Hargreave Hale, which exceeded the £5bn AUM mark towards the end of last year, relocated its Blackpool headquarters to accommodate the growth of its front and back office divisions.

In June joint managing director Stuart Brookes said the company was aiming to reach £7bn soon.

He also said he doesn’t see much growth coming from expanding his company’s advice offering.