Miton inflows double to £1bn as profits jump 34%

UK Multi Cap Income sees success

Anna Fedorova
clock • 3 min read

Miton Group has reported a 34% jump in adjusted profit before tax in 2018, while net inflows more than doubled from the previous year to break the £1bn mark.

The firm's adjusted profit before tax jumped from £6.8m in 2017 to £9.2m in 2018, while profit before tax was 43% higher at £8.9m.  Total assets under management at the end of 2018 were 14% higher than at the start of the year at £4.4bn, while by the end of February 2019 they had risen further to £4.6bn. The growth in AUM was driven by strong inflows of over £1bn during the year, more than double the £494m taken in during the previous year. David Jane: Markets need a story The LF Miton UK Multi Cap Income fund was particularly successful, taking in £400m, which brought total ass...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

Mattioli Woods snaps up Cullen Wealth

Mattioli Woods snaps up Cullen Wealth

Companies House filings outline pre-Budget swoop

Isabel Baxter
clock 04 November 2024 • 2 min read
Financial planning firm Boosst becomes employee-owned

Financial planning firm Boosst becomes employee-owned

100% of shares transferred to the EOT without imposing any third-party debt

Isabel Baxter
clock 28 October 2024 • 2 min read
Openwork receives minority investment from Bain Capital

Openwork receives minority investment from Bain Capital

Following the network’s hunt for minority investor support in 2023

Isabel Baxter
clock 28 October 2024 • 2 min read