The firm sayss that following the economic downturn, investors were recognising “that active management by professional private client managers gives the potential for them to rebuild their assets.” Also, it has been reported that strong investment track records are not in demand alone; now clients require high levels of personal service, the firm said in a report.

Jupiter itself has experienced growth in its private client segment in recent years, with assets rising to £1.2 billion ($1.9 billion) in the past five years.

The company also expanded its private client capabilities over the past year, by adding eight new investment managers and bringing the total to 14. The overall team, which is currently led by Colin Chisholm, grew from 10 to 23 individuals.

Jupiter’s recently-won mandate from the Joseph Rowntree Foundation (in conjunction with Jupiter’s institutional team) indicates that managing mandates for charities was an area of growth as well as attracting assets from individuals.

“We are well positioned to take advantage of the opportunities in the market, as investors who battened down during the financial storm are now beginning to actively look to rebuild their portfolios. Jupiter has already seen a considerable increase in business, with private client division funds under management having grown by 29 per cent over the past year,” said Mr Chisholm, head of the private client and charity team at Jupiter.

In other recent developments, in September Jupiter announced a strategic alliance with deVere and Partners, another UK-based independent financial advisor and broker. The alliance is aimed at creating an opportunity for deVere to develop a new range of products its clients while Jupiter is provided with advisory support.