Murphy Wealth has reported record turnover and assets under management (AUM), as the Glasgow-based financial planning firm approaches its 50th anniversary next year.
Murphy Wealth said AUM increased 27% year-on-year from £220m to £280m, despite recent market volatility linked to geopolitical tensions in the Middle East. Turnover also rose 20% year-on-year, approaching £3m for the first time. The firm attributed the growth to a combination of strong investment performance and an increase in entrepreneurial clients exiting their businesses. CEO Adrian Murphy said the business had seen a growing number of entrepreneurs and senior business figures seeking advice following company sales and liquidity events. "Over the last year, we've seen more entr...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
