Thursday, December 8, 2022
HomeBusinessFinancial PlanningWealth supervisor Oberon experiences 70% rise in revenues

Wealth supervisor Oberon experiences 70% rise in revenues

Wealth supervisor and boutique funding administration group Oberon Investments has reported anticipated revenues for the yr ending 31 March might be no less than £6.4m, up about 70% in comparison with the earlier yr. 

Based on a buying and selling replace, the corporate expects progress throughout all divisions.

The London-based firm presents wealth administration, together with Monetary Planning, funding administration and company broking, and has over £1bn of belongings underneath administration. The corporate additionally runs a lot of funds targeted totally on fairness funding.

Oberon is a brand new funding agency by chairman Robert Hanson and Alex Hambro. Mr Hanson based Hanson Asset Administration and Hanson Capital and was an affiliate director at NM Rothschild & Sons Ltd. Mr Hambro has labored within the enterprise and personal fairness sector each within the UK and USA and can be a director of Octopus Apollo VCT and chairman of IWP Holdings, the owned of quickly increasing Monetary Planner Impartial Wealth Planners. Moola founder Gemma Godfrey, additionally a director of IWP, can be a director of Oberon.

Since saying interim leads to November, Funds underneath Administration and Administration have grown by over a 3rd from £765m to over £1bn on the finish of February 2022. 

The corporate says its progress has been “purely natural”. Since February, a brand new on-line shopper portal has been efficiently launched and the corporate additionally expects to be launching a lot of new services, together with Oberon’s first EIS fund and an IHT service over the following a number of months. 

Simon McGivern, CEO of Oberon Investments Group, mentioned: “The final yr has been an thrilling time for Oberon. Our tailor-made service providing is far in demand from each buyers and company shoppers and our focus might be to develop and broaden our enterprise to satisfy the wants of our shoppers. We proceed conversations with a lot of groups relating to selective acquisitions and intention to convey new funds to Oberon within the close to future.”

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