Total AUA nears £98bn
Inflows of £2.2bn during the quarter
Wealth manager round-up
Redemptions hit £7bn
AUM dropped 6%
Earned £743m in adviser charges
£2.53m after tax profit
65% share bought for £86m
Pre-tax profits reach £1.6m
Strong results are 20 years in the making
Support services provider SimplyBiz has swung deep into the red after writing down a loan to national advice firm Sandringham Financial Partners and suffering losses from its investment in employee benefits business Staffcare.
Adviser network Personal Touch has almost halved the amount of money it has set aside for settling complaints after paying out more than £256,000 in the last year.
Prudential's UK life arm has reported a growth in operating profits of 7%, despite suffering a sharp fall in its individual annuity business following the announcement of the government's pension reforms.
Vertically-integrated wealth management group True Potential has reported a £1bn increase in assets on its platform in 2014, helping group profits almost double to more than £10m.
AXA Wealth has moved into profitability following "strong growth across the business", which saw overall funds under management (FUM) increase by 11% last year.
Australian technology business IRESS has reported an upswing in underlying profits of 27.7% after its UK operations benefited from a "strong demand" from advisers and wealth managers, the group has said.
National advice firm LEBC has posted a 43% increase in pre-tax profits for the last year, saying it had benefited from the "positive impact" of the incoming pension freedoms.
Zurich UK Life has reported operating profits of £115m in 2014, up 6% on the previous 12 months.
Adviser network Financial Ltd is looking for investment to secure the future of the business after pre-tax losses more than doubled in the year ending March 2014, latest results have shown.
The Association of Professional Financial Advisers (APFA) has reported a profit for the second time since 2010, although surplus figures dipped by almost £90,000.
IFA consolidator Moneygate Group has halved pre-tax losses in the first year following the Retail Distribution Review (RDR) its accounts have shown.
Restricted network Personal Touch Financial Services has incurred an additional £154,000 in costs relating to claims brought against the firm in 2013, its accounts show.
Financial services firm True Potential (TP) has posted a further rise in profits in its half year results and has credited its "focus on providing technology" for its continued success.