UK Stockbroker Sees Rise in AUMs

Stephen Harris

23 March 2006

UK-based stockbroker and retail fund manager Evolution Group has reported a 33 per cent rise in pre-tax profits to £63.6 million ($111 million). Total group income increased by 15 per cent to £73.5 million. The group’s private client broking arm, Christows, saw funds under management grow 23 per cent in the year to £789 millon at 31 December 2005. During the year Christows was boosted by hiring an eight-strong team from Brewin Dolphin in Birmingham. Evolution Securities raised £864 million for clients 2005 and is the leading broker on the London’s Alternative Investment Market. ES continued to be the key driver behind profits and accounts for 81 per cent of income in the group.