Assets under management held steady for investment manager Premier Miton at £10.3bn (2024: £10.7bn) despite net outflows for the year doubling for the year ended 30 September.

The investment manager saw £618m in net outflows for the year (2023: £318m), according to its annual report. It attributed the outflows to continued outflows from its US and European equity strategies.

The investment manager has struggled with outflows since being established through a merger in 2019,

Adjusted profit before tax fell slightly to £11.5m (2024: £12.2m)

Assets under management fell after the ended of the financial year, standing £9.7bn at 30 November.

Premier Miton’s Chairman of five years, Robert Colthorpe announced alongside the financial results that he will stand down in February. The investment manager has appointed Christopher Williams to the Board as Chair Designate.

Mr Williams has previously held senior investment banking advisory positions at Goldman Sachs, Citi, Credit Suisse, Perella Weinberg Partners and Deutsche Bank

Premier Miton has been undergoing a cost savings exercise, announced in April. In 2025 the investment manager identified £5m in annual run-rate savings, with £3m already delivered at 30 September.

Mike O’Shea, CEO of Premier Miton Group, said he remains confidence in the long-term prospects of the US and European equity funds and that the firm also looks for acquisition opportunities.

He said: “Attractive inorganic growth opportunities are those that could expand our scale, introduce new investment capabilities, or provide access to new client segments. We recognise that astute execution of M&A activity will remain critical in an industry that will continue to present opportunities for inorganic growth.”

The investment manager launched a rebranding exercise in February with a new 'visual identity'. 

The key change is a bold-coloured pink logo with a rectangular hole in the middle of it.

The company said the hole represented a “blank piece of paper” to represent the start of their fund managers’ thinking.

The asset manager said the move was part of a broader group-wide rebrand.

Premier Miton was formed in November 2019 with the merger of Premier Asset Management and Miton Group. It has a range of multi-asset funds, equity funds and investment companies.