Assetco

AssetCo plc has reduced its operating loss by 65% to £1.6 million for the half-year period ending 31 March 2024. The company said it has implemented a cost-saving plan, streamlined operations, and exited loss-making ventures. Additionally, AssetCo has proposed a share split to better reflect i

Shares in Martin Gilbert's investment firm AssetCo fell nearly 5% after losses widened to £26.7 million during a "exceptionally difficult" year for asset management. Rising interest rates, inflation and the pandemic's lingering effects contributed to outflows from the UK equity strategies of R

AssetCo and its subsidiary, River & Mercantile Holdings Limited, have announced an in principle agreement to transfer their stake in RMI to an RMI team headed by managing partner Ian Berry. This transaction is slated for completion in Q4 2023, contingent upon finalising contractual details.

Agile asset and wealth management AssetCo has acquired Indian fund manager Ocean Dial Asset Management, purchasing the entire issued share capital from Avendus Capital Asset Management. The completion follows the necessary approvals from the FCA and Indian regulators.

Asset and wealth management firm AssetCo, run by Martin Gilbert, has announced a £9.2 million loss for the year ended 30 September 2022. The figure compares to a profit of £14.6m in 2021. According to the firm's preliminary results posted today, assets under management (AuM) reached &pou

AssetCo, agile asset and wealth management company, has acquired SVM Asset Management Limited, expanding its presence in Scotland. The acquisition was pending approval by the FCA to the change of controller of SVM. This approval has now been granted, all the conditions pertaining to the acquisi

Asset and wealth management firm AssetCo, run by Martin Gilbert, has completed the acquisition of Edinburgh-based investment service Revera Asset Management, for a reduced price. AssetCo has purchased the firm for an effective total consideration of £2.8 million to be satisfied by the issue of

Asset and wealth management firm AssetCo, run by Martin Gilbert, has axed a controversial bonus scheme for its executives after strong criticism from shareholders. In September last year, the firm's remuneration committee began a review of the Long Term Incentive Plan (LTIP), in an announcement toda

Asset and wealth management firm AssetCo, run by Martin Gilbert, has announced that it has reached an agreement to acquire the entire issued share capital of Edinburgh-based fund management business SVM Asset Management Holdings Limited for £10.7 million. The consideration will be satisfied by

Asset and wealth management firm AssetCo has posted its 2022 half year report revealing revenues of £1.3 million. For the six months ended 31 March 2022, the firm announced a loss before taxation of £2.6m, compared to a profit of £22.3m for the same period in 2021, which AssetCo sa

Asset & wealth management firm AssetCo has reached an agreement to acquire the entire issued share capital of Revera Asset Management Limited for an effective total consideration of £2.8 million. The consideration will be satisfied by the issue of 54,639 new ordinary shares of 10p each in

Asset & wealth management firm AssetCo has reached an agreement on the terms and conditions of an all-share acquisition of River and Mercantile Group (RMG), in a deal worth £98.8 million. The deal takes the number of asset management businesses it has acquired in the past year to four.

Edinburgh-based asset & wealth management firm AssetCo has submitted an indicative non-binding securities exchange proposal to management and consulting company River and Mercantile Group PLC (RMG). The offer is for the entire issued and to be issued share capital of RMG that is not already owne

Asset & wealth management firm AssetCo has announced the completion of the acquisition of a 30% equity interest in Parmenion, a discretionary investment manager and advisory platform for the wealth and financial planning sector. AssetCo announced that it had reached an agreement to purchase the

Martin Gilbert is set to be awarded about £5 million worth of shares for nine months’ work as chairman at his new company, AssetCo. Deputy chairman Peter McKellar is set to receive around £4m worth of shares under the same allocation plan announced by the firm last week.