41% revenue boost for Liontrust as assets rise 8.5%

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Revenues increased 41% to £231m for asset manager Liontrust for the year ending 31 March 2022.

Assets under management and advice rose 8.5% to £33.5bn (2021: £30.9bn).

This figure did not include a £5.2bn contribution from Majedie Asset Management as the deal did not complete until after the year financial end. Combined AuMA including the contribution from Majedie were £38.7bn.

Assets under management for the asset manager have since shrunk to £34.23bn as at 17 June.

Liontrust completed the £120m acquisition of rival Majedie in April.

Profit before tax for Liontrust as at close of business on 31 March was £79.3m, a 127% increase year-on-year.

The profit figures take into account acquisition and re-structuring related costs for Liontrust’s recent acquisitions Architas, Neptune and Majedie.

Net inflows fell to £2.5bn for the year ended 31 March (2021: £3.5bn). Liontrust saw £329m of outflows related to the investment management agreement for the Verbatim Portfolio Growth Funds on 21 March.

John Ions, chief executive at Liontrust, said ESG and sustainable investment hold a strong role to play for the asset manager.

He said: “It is understandable that investors’ attention is often on the short term, whether it be reacting to the latest news headlines or recent performance, but we must not lose sight of what we as asset managers are trying to achieve in managing people’s savings for the long term.

“As active and responsible investors, this means not only seeking to generate strong investment performance but also engagement with the companies we hold to ensure they adopt best practices and reporting to investors on the impact our teams are having through this. Asset managers with a genuine focus on ESG and sustainable investment will have a stronger tailwind.”

He added that the asset manager has been able to increase face-to-face meetings and events with clients in recent months.




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