TOTAL funds under management at Liverpool investment specialist Rensburg Sheppards have risen 1.5% to £12.3bn since September 30.
The wealth fund manager revealed in an interim management statement that investment management fees and commissions had grown by 21.4% and 27.1%, respectively.
Investment management net revenues were up 3.4%, despite a 71.8% decline in interest from client deposits, and fund management net revenue was up 4.5%.
Total net revenues increased by 3.5%.
Chief executive Steve Elliott said: “Rensburg Sheppards continues to be soundly financed and cash generative. While markets in the first few weeks of 2010 have remained uncertain, we believe that the strong base from which Rensburg Sheppards operates leave the group well placed for the future.”
The group added that equity markets continued their recovery in the third quarter.
