Clicky

InvestSense grows FUM 40%

Managed accounts provider, InvestSense, has seen its funds under management (FUM) grow over 40 per cent, and announced the appointment of Paul Carrington to help manage the growth of the firm.

InvestSense director, Fil Andronaco, says the increase in FUM was largely driven by industry wide demand for managed accounts as advisers move away from traditional managed fund solutions.

“One of the key drivers of growth for the firm is the migration to managed accounts by the financial adviser community,” said Andronaco.

Related News:

In response to the increased growth, Carrington, who has over 30 years’ experience in the financial advice sector, to the newly-created role of director, head of adviser solutions.

“Paul’s first-hand experience and depth of knowledge in financial advice will be invaluable for our clients, as well as for driving further growth in our bespoke managed accounts offering,” said Andronaco.

Commenting on his appointment, Carrington said he long believed managed accounts would play an increasingly important role in the future of the financial advice industry.




Related Content

BT launches new managed portfolios

Following a 121 per cent increase in funds under administration for the 12 months to 30 November 2018, and more than 15 per cent of that in managed ac...Read more

Praemium upgrades platform

Praemium has announced the launch of a major technology upgrade and a rebrand for its global investment platform which is expected to expand its addre...Read more

InvestSense grows FUM 40%

Managed accounts provider, InvestSense, has seen its funds under management (FUM) grow over 40 per cent, and announced the appointment of Paul Carring...Read more

Author

Comments

Add new comment