Wealth manager Utmost Group said inflows in 2025 climbed 43% to a record £9.7bn in a trading update published today.
That follows two years of net outflows, with total net outflows of £0.4bn recorded in 2024.
The firm said the rise followed the successful integration and rebrand of Lombard International.
It said there were £4.4bn of inflows in the second half of the year, adding to the momentum experienced in the first half of the year when there were £5.3bn of inflows.
Paul Thompson, CEO of Utmost, said: “This marks the first year with our new Luxembourg business fully integrated into Utmost and the results clearly demonstrate the benefits of the acquisition.
“We have expanded our operations, enhanced our scale, combined capabilities, and delivered record sales.”
The business said the growth was global, with six of its seven sales regions achieving double digit growth in the year.
Mr Thompson said: “The UK saw particularly strong year-on-year growth as clients sought
stability amid ongoing tax changes.”
Looking ahead to 2026 he said the oputlook was positive. “Rising wealth levels and greater
financial sophistication continue to drive significant demand for flexible investment solutions.”
Utmost plc is a provider of insurance-based wealth solutions and has over £100bn of assets under administration.
The firm said the sale allowed it to strengthen its focus on its wealth business.
Mr Thompson said: “Following the sale of our bulk purchase annuity business, we are now solely focused on growing our wealth business.
“With our platform, geographic diversification and product offering, we are perfectly positioned to deliver future growth by capitalising on the increasing demand from the HNW community and the expanded presence of our solutions in key wealth regions.”
Utmost said it will announce its full year 2025 results in mid-April.