Sarasin & Partners Reports AuM Gain After Strong 2019

Tom Burroughes

2 October 2020

, the global wealth manager, this week reported that total assets under management reached £15.5 billion (around $20 billion) at 9 September, rising by 5.4 per cent from the end of 2019.

The firm, which is based in London, logged £338 million in net investment inflow during 2019.

In 2019, the firm said that it had “cemented” its position in the charities and private client segments - maintaining its prominent position in the not-for-profit and charities sector in the UK, while also expanding into the US. This led to a 15 per cent increase in AuM for the charities division, which reached £7 billion at the end of 2019. Sarasin & Partners’ respected private client division also saw strong organic growth, with AuM increasing by 33 per cent to end the year to £4 billiom.

Sarasin & Partners’ Group revenue increased by 5.8 per cent to £72.4 million in 2019. Operating profit fell by 0.8 per cent to £24.9 million for 2019, after the business had committed to growth spending, including investment in technology and talent.