Investment advice firm breaks £100m barrier
BARTLETT Wealth Management has reached £100m of assets under management, six years after launching its managed portfolio services.
The Leeds-based company attracted £18m of funds in the 12 months to September 2015, up from £15m the year before. It expects a further £22m of new money to be added in the current year.
David Bates, head of wealth management at Barlett’s, said a growing advisor team and the firm’s reputation had helped drive growth.
He said: “We’ve had an increase in the number of advisors in the team, that’s continuing to grow. It’s also word of mouth; a lot of our business comes through referrals, and good reputation backed up by performance leads to more referrals.”
Clients are looking to Bartlett to provide reassurance and guidance as the UK faces economic challenges, Mr Bates said.
“We’re still in an era of austerity, the Budget has highlighted the Chancellor is still trying to cut things to save money,” he said.
“From an investment point of view, the news from China that its economy would grow at a slower pace and fears about what might happen if Britain leaves the EU are causing uncertainty.”
Looking ahead, Bartlett will continue to build and scale-up its services as well as grow its advisory team from seven to 12 within the next 12 months. The firm is also expanding into other areas such as auto-enrolment, Mr Bates added.
