Mass affluent approach boosts Ashcourt Rowan revenues

Katrina Lloyd
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Wealth manager Ashcourt Rowan's revenues for the six months to 30 September rose 28% compared to the same period last year, while losses were reduced for parent company Syndicate Asset Management.

A restructure of Ashcourt Rowan and the repositioning of its product offering to the mass affluent market as well as increased marketing boosted revenues to £12.38m over the period. Syndicate says: "We recognise that there is much more work to do within Ashcourt Rowan with many opportunities to be addressed and that this is effectively only the beginning of what can be achieved." It also highlighted the opportunities for the group following the acquisition of the IFA business of the Co-operative Bank. "This acquisition has meant the transfer to us of approximately £1bn of funds und...

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