Utmost International said in a statement today (27 February) it had achieved "robust" gross inflows of £4.2bn in 2022 against a "challenging macroeconomic and inflationary backdrop". (2021 Pro Forma: £4.8bn). Net inflows for the year were £1.3bn, comparable to the £1.5bn pro forma figure in 2021, supported by high client retention rates, it reported. Utmost International's assets under administration were £51.9bn at YE 2022, a decrease compared to the YE 2021 figure driven by lower market values for all asset classes. Asset valuations have shown signs of recovery in Q4 2022 and ear...
To continue reading this article...
Join International Investment
Signup and gain exclusive members-only insights
Join International Investment today
Unlock members-only benefits:
- Unlimited access to real-time news, industry insights, video features and market intelligence
- Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
- Receive breaking news stories straight to your inbox in the daily newsletters
- Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
- Members-only access to the Editor’s weekly news roundup newsletter
- Members-only access to analysis via our exclusive industry polls
- Be the first to hear about our events and awards programmes
