Reports

UK Wealth Manager Meets Earn-Out Target

Nick Parmee 14 September 2007

UK Wealth Manager Meets Earn-Out Target

London-based marketing and entertainment company First Artist has announced that its wealth management business Optimal has met its post-acquisition performance targets. Optimal, acquired as ABG Financial Management in August 2005, achieved a 16 per cent increase in operating profit to £960,000 ($1.94 million) for the year to end-June 2007, on a mix of organic growth and gains from integration. First Artist also said its joint venture unit Fisher Family Office is producing positive income and generating further growth opportunities.

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