Heartwood announces AUMA increased by 19% over 2016 to £2.94bn.
Heartwood’s client base has grown across its wealth management and intermediary divisions, with total gross inflows of over £453m in 2016. New business was generated primarily through referrals and the company has continued to maintain high client retention rates.
In 2016 it 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.
Noland Carter, head of Heartwood Investment Management, said: “We have entered 2017 on the brink of surpassing the £3bn 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.”