Ashcourt Rowan chief executive Jonathan Polin has bought a further 31,645 shares in the company following the group's interim results yesterday.
Polin (pictured), who took over as CEO last September, made the share purchase at a price of 158p a share, bringing his total holding to 236,000 shares - equivalent to around a 1% stake in the company.
The CEO bought an initial 200,000 shares at £1 a share last December.
Discussing Ashcourt Rowan's results for the six months to 30 September yesterday, Polin said he is confident the group can finally emerge "as a force to be recognised in our industry" as it completes its turnaround programme.
The wealth manager also announced it had agreed to a £412,000 FSA fine over a number of legacy issues relating to investment suitability in its Savoy Investment Management subsidiary.
An ambitious objective
'Something completely new'
'Illusion of control'
Reasons to be cheerful
Total investment reaches £9m