Heartwood Investment Management has seen a record increase in net new funds generated over the past six months and has surpassed the GBP2 billion assets under management and administration milestone.
Heartwood’s range of multi asset funds (MAFs) experienced the most substantial inflows and are now over GBP1.1 billion of total funds under management.
Heartwood’s client base has grown across its private client, charity and intermediary divisions, with total inflows of over GBP600 million in over the past 12 months. New business was generated primarily through referrals and it has continued to maintain high client retention rates.
Heartwood’s intermediary division, which cultivates relationships with IFAs and professional advisers, has seen significantly increased inflows in the past six months having agreed several new partnerships with adviser platforms. Designed to meet the needs of individuals with differing risk profiles and portfolio sizes, Heartwood’s proposition helps IFA firms which are looking to take advantage of RDR by focusing on the advice aspect of their client relationships and outsourcing the investment management element of their clients’ financial planning needs. Firms can access its range of straightforward investment strategies via funds, models and a discretionary service.
Noland Carter, head of Heartwood Investment Management, says: “We have surpassed the GBP2 billion milestone of discretionary funds under management having attracted significant inflows across all our client divisions. These have been further strengthened through hiring a number of talented senior individuals. All of our global multi asset fund portfolios, underpinned by a strict risk framework, continue to deliver a consistently strong, long term performance and enable all our clients to benefit equally, from ISA investors to corporates.”