Waverton Investment Management’s focus on growing its adviser solutions channel has proved successful over the past 12 months, with inflows up 74% year on year.
The investment manager said inflows had risen from £800 million in 2020 to £1.8 billion in 2021.
Nick Tucker, CEO of Waverton Investment Management, said: “Our strategy builds upon our strengths and seeks to future-proof our business for the ever-changing world in which we live. I am pleased to report that we are ahead of all the milestones that we set ourselves. At the centre of everything is our investment engine which consistently delivers outperformance.
“The Board is extremely impressed with the growth in our Adviser Solutions channel throughout a challenging 2021 for the industry as a whole. John Bellamy has grown the team significantly, and our MPS service, which is predominantly distributed via this channel, has consistently delivered top quartile performance for over a decade.”
John Bellamy, head of adviser solutions, added: “Waverton is fully committed to the adviser channel, and has invested in expanding the team to enable us to have national coverage, hosting successful online events and in direct response to adviser demand we expanded the offering with the launch of the Equity Portfolio on platform. Waverton is now accessible on over 20 platforms and we engage with over 400 individual firms.”
The firm also reported a 46% increase in profits last year from £8.2 million to £12 million on revenue of £50.3 million.
Assets under management also jumped 26% and Waverton said its centralised investment process has consistently delivered top quartile returns for its MPS over the last 10 years.
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