Tilney Smith & Williamson sees gross inflows of £4.5bn in nine months

The wealth management group reported gross new business inflows of £1.3bn just for Q3, taking total gross inflows during the first nine months of the year to £4.5bn, representing 11.8% organic growth on an annualised basis.  Assets under management (AUM) increased 9.2% to £56bn during the first nine months of the year. At the end of last year they stood at £51.2bn. Net inflows for the third quarter totalled £0.5bn, bringing the total for net flows to £1.8 billion for the first three quarters - a 4.7% organic growth on an annualised basis. "The third quarter continued to see strong ...