Premier Miton has said it is looking forward to the new financial year "with confidence", despite recording outflows of £191m in its final quarter.

The AIM-listed wealth and investment manager recorded a 1.3% quarter-on-quarter drop in its assets under management (AuM) to £10.32bn, while across its US and European equity strategies also experienced outflows of £347m.

Its AuM figure also dropped by 3.3% in the year to 30 September.

Chief executive officer at Premier Miton, Mike O’Shea, said: "We saw encouraging momentum in our fixed income and absolute return strategies during the Quarter, with combined net inflows of £325m. This reflects growing investor confidence in our approach to capital preservation and delivering strong returns. We also have a robust pipeline of new business building across these areas.

"However, we experienced combined outflows of £347m from our US and European equity strategies. While this presents a near-term challenge, we remain confident in the long-term focus of these funds. Our diversified and genuinely active asset management model gives us confidence in returning the overall business to net inflows, assuming stable or improving market conditions in 2026.”

Looking ahead, the investment manager stated that it has identified a further £2m in annualised savings that will be delivered over the next 12 months.

This follows £3m in identified savings announced in April, of which the majority have now been delivered.

The firm stated that it remains focused on actively managing its cost base to support future shareholder returns.

O’Shea concluded: "In parallel with operational improvements, we continue to explore strategic transaction opportunities to enhance shareholder value. We remain open to inorganic growth opportunities that could expand our scale, introduce new investment capabilities, or provide access to new client segments. While timing remains uncertain, our disciplined approach and proven track record position us well to identify and pursue attractive opportunities.

"As we enter our new financial year, we do so with a strong balance sheet, a focussed investment leadership team, enhanced operational efficiency and a clear path for growth, both organic and inorganic. We look forward to the coming year with confidence."

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