Monday, November 23, 2020

The RU Group pass £500 million 

The RU Group, a Nottingham headquartered group of financial services companies, has announced that it has surpassed half a billion pounds of assets under management on behalf of its clients, its highest total to date.

The Group, with headquarters at the ng2 Business Park in Nottingham and offices in Derby and Sheffield, currently has over £500m in private wealth under management in its model portfolios and investment propositions. This is an increase of more than 10% over the last 12 months.

The growth in funds under management is the result of a combination of factors. The Group has steadily increased its client base over the last financial year and has also invested significantly into new members of staff and their ongoing professional development. The Group’s ‘Culture of Learning’ has led to Russell Ulyatt Financial Services, the financial advice firm at the heart of The RU Group, achieving Chartered Status for three years in succession.

Ian Browne, Head of Advice at The RU Group comments: “Surpassing £500 million of assets under management is a company landmark for us and has been achieved despite the more challenging market conditions over the past 18 months. We have re-invested in The RU Group over recent years, including new senior staff, brand identity and back office systems, and achieving the half billion figure is another indicator of our continued commitment to growth and to the provision of the best service to our clients.”

This achievement is the latest in a series of milestones for The RU Group which has roots dating back to 1881. In 2018, the Group recorded its highest increases in both turnover and profits and in early 2019 it announced it was investing over £140,000 into a new client facing IT platform, Intelligent Office, to improve client experience, streamline practice management and bring all its complementary and associated businesses onto a single platform.

Ian Browne adds: “It has been a strong start to 2019 for the firm and our clients and with plans for further growth throughout the year, including recruiting new staff at our Nottingham and Sheffield offices, we are on track to build on recent successes.”

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