Wealth manager and boutique investment management group Oberon Investments has reported expected revenues for the year ending 31 March will be at least £6.4m, up about 70% compared to the previous year. 

According to a trading update, the company expects growth across all divisions.

The London-based company offers wealth management, including Financial Planning, investment management and corporate broking, and has over £1bn of assets under management. The company also runs a number of funds focused mostly on equity investment.

Oberon is a new investment firm by chairman Robert Hanson and Alex Hambro. Mr Hanson founded Hanson Asset Management and Hanson Capital and was an associate director at NM Rothschild & Sons Ltd. Mr Hambro has worked in the venture and private equity sector both in the UK and USA and is also a director of Octopus Apollo VCT and chairman of IWP Holdings, the owned of rapidly expanding Financial Planner Independent Wealth Planners. Moola founder Gemma Godfrey, also a director of IWP, is also a director of Oberon.

Since announcing interim results in November, Funds under Management and Administration have grown by over a third from £765m to over £1bn at the end of February 2022. 

The company says its growth has been “purely organic”. Since February, a new online client portal has been successfully launched and the company also expects to be launching a number of new products and services, including Oberon's first EIS fund and an IHT service over the next several months. 

Simon McGivern, CEO of Oberon Investments Group, said: "The last year has been an exciting time for Oberon. Our tailored service offering is much in demand from both investors and corporate clients and our focus will be to grow and expand our business to meet the needs of our clients. We continue conversations with a number of teams regarding selective acquisitions and aim to bring new funds to Oberon in the near future."