My­d­dle­ton cheer as it hits £100m in as­sets

Yorkshire Post - Business - - BUSINESS -

BOU­TIQUE IN­VEST­MENT house My­d­dle­ton Croft has an­nounced that an 18 per cent year-on-year growth in Funds Un­der Man­age­ment (FUM) has en­abled it to reach its tar­get of £100m of as­sets un­der man­age­ment six months ear­lier than planned.

Leeds-based in­de­pen­dent dis­cre­tionary in­vest­ment man­agers My­d­dle­ton Croft achieved a turnover of £1m last year.

Julie Jones, manag­ing di­rec­tor of My­d­dle­ton Croft, said: “One of our key aims when I be­came manag­ing di­rec­tor in sum­mer 2015 was to build up the firm’s £70m of Funds Un­der Man­age­ment and to have achieved the growth so quickly is a great tes­ta­ment to our abil­ity to at­tract new clients, in­crease our clients’ as­set val­ues and to the team’s unswerv­ing com­mit­ment to pro­vid­ing the very high­est lev­els of ser­vice.

“Over the last two years, we have moved of­fices, ex­panded the team and made sig­nif­i­cant in­vest­ment in a new soft­ware man­age­ment sys­tem, all of which have fos­tered our con­tin­ued suc­cess dur­ing a time of tur­moil in the mar­kets.

“We are par­tic­u­larly proud this year to have been recog­nised in three cat­e­gories in one of our in­dus­try’s most pres­ti­gious awards schemes, the na­tional Ci­ty­wire In­vest­ment Per­for­mance Awards.

“There’s no doubt that the type of be­spoke, per­sonal ser­vice we are able to pro­vide to IFAs and in­di­vid­u­als, to­gether with con­sis­tently im­pres­sive as­set per­for­mance are re­ally set­ting us apart.”

My­d­dle­ton Croft has grown to a nine-strong team, work­ing with in­de­pen­dent fi­nan­cial ad­vis­ers, so­lic­i­tors and ac­coun­tants through­out York­shire and fur­ther afield.

The business serves pri­vate clients, char­i­ties, pen­sion funds and trusts.

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