Fresh from the completion of its all-share merger earlier this month Premier Miton’s Premier Asset Management Group has revealed it has £6.6bn in assets under management.

The muted results for the for the year ended 30 September 2019 also showed the firm had net outflows of £233m and net inflows of £734m.
 
The merger, which was completed on 14 November, created a diversified asset manager business with pro-forma assets under management of £11.1 billion (as at 31 October 2019) and what the firm called “greater financial strength to grow”.
 
Mike O’Shea, chief executive of Premier Miton, said: “Premier’s assets under management ended the year at £6.6bn, which is down from £6.9bn at the end of September 2018.

“This has been a more difficult year for the business and indeed for the UK funds industry generally, with investment decisions largely on hold whilst investors waited for clarity over Brexit.
 
“We are very pleased that the shareholders of Premier and Miton have approved the all‐share merger between the two companies and we are excited about the opportunities for the new enlarged Premier Miton Group.

“The merger will create a diversified active UK asset manager with a strong investment capability that benefits from a more efficient platform and greater financial strength, with combined AUM of £11.1bn.
 
“Premier Miton’s blend of outcome-based multi-asset strategies and genuinely active single strategies, run by highly regarded teams, and supported by enhanced distribution is a unique proposition, which we believe will be highly attractive for advisers and wealth managers.”