Investment group River & Mercantile has reported an AUM increase of 8% to £47.6bn and performance fees jumped by 448% to £6.4m in the year ended 30 June 2021.
Wholesale gross sales have grown by 180% over the last 12 months with an improvement in net flows of £554m from the previous year. The firm also said it has attracted 12 new fiduciary clients during the year, delivering an additional £4.9bn of fiduciary and derivative AUM and assets in transition, "which have subsequently transitioned and are now fee earning". James Barham, group CEO, said: "The investments we have made in wholesale and institutional distribution, alongside the deepening and broadening of our investment capabilities, have delivered earlier than anticipated. We have once ...
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