Stockbrokers bullish despite renewed uncertainty over general election

Stockbrokers Redmayne Bentley have combated an uncertain backdrop with growth in client assets, with managing partner David Loudon saying that clients need guidance in volatile markets more than ever.

The Leeds-based investment management business saw client assets rise to £6.2bn in the last quarter, and between January and March 2017, total funds under investment management jumped 6.2%. Execution-only assets rose 1.9%, according to the firm.

Year-on-year, discretionary funds rose by 40% and advisory funds under management increased by 31%.

Managing partner David Loudon (pictured above) said that he had seen continuing momentum since the end of March, despite renewed uncertainty following the announcement of the General Election.

He said: “Clients are increasingly looking for guidance in navigating volatile markets, and as our investment management pedigree becomes more widely known, we are able to attract more of the talented individuals needed to build and maintain strong and long-lasting client relationships.”

Redmayne-Bentley is due to publish its full-year results in July.