RCS - Utmost Group - Utmost Wealth Solutions’ AUA surpass £100bn

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20/02/2025 08:15

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RNS Number : 7712X  Utmost Group  20 February 2025

20 February 2025

 

 Utmost Wealth Solutions' Assets Under Administration surpass £100bn,
 recording strong gross inflows

 

The acquisition of Lombard International adds £45bn in Assets Under
Administration (AUA), confirming Utmost's leading market position in the
international wealth management sector

 

2024 Trading Update

 

-     Utmost Wealth Solutions (UWS) achieved strong inflows of £3.9bn in
2024, reflecting an improving quarterly trend in the year and leading to an 8%
increase on 2023. UWS' AUA was £58.5bn at YE 2024, up 7% from YE 2023
(£54.6bn) driven by strong equity market performance.

 

-     In December 2024, Utmost Group plc completed its acquisition of
Lombard International, adding £45bn in Assets Under Administration. On a
proforma basis at YE 2024, Utmost Wealth Solutions had £103.5bn in AUA, an
increase of 6% from the prior year comparator.

 

-     On a proforma basis, UWS delivered £6.8bn of inflows in 2024, a 6%
increase from prior year (2023: £6.4bn), reflecting an improving
macroeconomic environment which resulted in strong inflows, particularly in H2
2024.

 

Utmost Wealth Solutions Flows

 FY 2024          Opening AUA  Inflows  Outflows  Net Flows  Market Movement  Closing AUA

 £bn
 Utmost           54.6         3.9      (4.3)     (0.4)      4.3              58.5
 Lombard          42.9         2.9      (3.2)     (0.3)      2.5              45.0
 Proforma Utmost  97.5         6.8      (7.5)     (0.7)      6.8              103.5

 

 

 FY 2023          Opening AUA  Inflows  Outflows  Net Flows  Market Movement  Closing AUA

 £bn
 Utmost           51.9         3.6      (4.2)     (0.6)      3.3              54.6
 Lombard          40.3         2.8      (3.1)     (0.3)      3.0              42.9
 Proforma Utmost  92.2         6.4      (7.3)     (0.9)      6.3              97.5

 

Paul Thompson, Utmost Group Chief Executive Officer, commented:

"2024 was a transformative year for Utmost Group, with our wealth solutions
business surpassing over £100bn in Assets Under Administration and recording
£6.8bn of inflows. This was achieved through our acquisition of Lombard
International, solid performance in Utmost Wealth Solutions and strong market
growth.

"After a relatively tough first half, the second half of the year brought
greater client focus on wealth planning and investment particularly in the UK,
following the changes introduced during the Autumn Budget, which contributed
to increased interest in our products and strong inflows. This performance is
testament to the strength and breadth of our products which offer transparent,
compliant wealth management solutions and our team of dedicated specialists
who are committed to providing outstanding customer outcomes and supporting
our clients in safeguarding their wealth.

"As we move into 2025, I am confident that we will build on the excellent
momentum experienced in the second half of the year."

 

The Group will announce its Full Year 2024 Results in late April 2025.

 

 

 

For further information, please contact:

 

Utmost Group plc

Utmost Group Press

Tel: +44 (0)203 861 4343 / Email: press@utmostgroup.com

 

Temple Bar Advisory

Alex Child-Villiers

Tel: +44 (0)20 7183 1190 / Email: utmost@templebaradvisory.com

 

About Utmost Group plc

Utmost Group plc is a leading provider of insurance and savings solutions. Its
principal businesses are Utmost International and Utmost Life and Pensions.
Utmost Group plc is subject to group supervision by the PRA.

 

 

 

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