Heartwood Investment Management (Heartwood) has reported an increase in total assets under management and administration (AUMA) of 19 per cent during 2016 to GBP2.94 billion.
Heartwood’s client base has grown across its wealth management and intermediary divisions, with total gross inflows of over GBP453 million in 2016. New business was generated primarily through referrals and Heartwood have continued to maintain high client retention rates.
In 2016 Heartwood launched two new ethical multi asset investment strategies. The Ethical Balanced and Ethical Growth strategies have risk / return profiles that are aligned with Heartwood’s long standing total return Balanced and Growth investment strategies, but are implemented using investments that meet appropriate ethical criteria.
2016 also saw the appointments of Paul Rose as Intermediary Client Director, Charu Lahiri as Investment Manager and Justin Ralph as Business Manager.
Noland Carter, Head of Heartwood Investment Management, says: “We have entered 2017 on the brink of surpassing the GBP3 billion milestone having attracted significant inflows across all our client divisions. These have been further strengthened through hiring a number of talented senior individuals as well as investment in our income and ethical fund ranges. 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.”
Heartwood is a global multi-asset class investment manager that offers a choice of investment strategies designed to suit a range of risk appetites. Its straightforward investment proposition is designed to optimise the expertise of a high calibre, experienced team of professionals to benefit clients with portfolios of all sizes.