The increase in assets in the IFG despite the decline in customers Sanderson along with the house

  • The increase in assets in the IFG despite the decline in customers Sanderson along with the house
    Independent.t. E.
    Assets under management and advice in IFG increased 8pc in the last 12 months to $ 31.3 billion.
    https://www.independent.ie/business/irish/assets-increase-at-ifg-despite-decline-in-saunderson-house-clients-37266471.html
    https://www.independent.ie/incoming/article36888770.ece/b9f7e/AUTOCROP/h342/01.jpg

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Assets under management and advice in IFG increased 8pc in the last 12 months to $ 31.3 billion.

However, the number of new clients to your Department Sanderson along with the house was reduced to 134 7pcs, according to a trading update from the group.

Earlier this year, the group pulled plans to sell its British Sanderson along with building the wealth management business.

Within six months, James hay Department Added 2,469 new self invested personal pension ‘MARIEVILLE customers, down 20pc compared with the same period last year, mainly due to a slowdown in defined benefit (dB) transfer market, says the company.

Revenue increased by 12pc year-on-year to £43 million, which the group said reflected an increase in James hay due to the increase in interest rates in November 2017 and the revaluation carried out in 2017.

Meanwhile, adjusted operating profit of the group grew by a massive 54pc to £5.7 m due to the increase in revenues.

IFG, which is located in Dublin, said he suffered huge costs of £3.2 m, including payments Sanderson along with the contents of the house, in connection with the departure of the former CEO, the legacy James hay and court costs related to the sale of the international business.

The company said that it does not intend to declare dividends due to its preservation of capital and liquidity “to address potential issues of heritage”.

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