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ifa sales
23
Jun

Liontrust sees profits double following acquisition spree

Liontrust has seen its pre-tax profit rise to almost £35m in the year to March 31. This is an increase of 116 per cent compared to last year, where pre-tax profit was £16.5m. Similarly, assets under management are up 92 per cent from last year, with current AUM at £31bn. 

The strong performance follows the acquisition of Architas and Neptune last year. Despite spending £15m in acquisition and reorganisation costs, the purchases seem to have served Liontrust well.

Chief executive of Liontrust, John Ions, said:

“I am proud of the way Liontrust and our colleagues have performed over the past year. We have risen to the challenges and are continuing to deliver excellence across the business for our clients.

“The pandemic has reinforced the importance and benefit of high-quality active fund management with strong long-term performance.

“The excellence of our active investment management, service and communications gives me great confidence that Liontrust will continue to grow as we emerge from the pandemic.”

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