Fylde coast stockbroker passes the £6bn milestone

Stuart Brookes, joint MD for stockbrockers Hargreave Hale at the new premises on Boardmans Way
Stuart Brookes, joint MD for stockbrockers Hargreave Hale at the new premises on Boardmans Way
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A Flyde coast stockbroker has reached another significant milestone, just months after moving to a new home.

Whitehills- based Hargreave Hale has passed the £6bn mark in funds under management (FuM) despite volatile market conditions in the post-Brexit era.

In October 2015, the investment manager saw FuM surpass £5bn for the first time.

Since then, the firm has continued to attract strong inflows through its private client and fund management arms.

The news follows several other key events, including recent relocation of its Blackpool headquarters to new premises to support the firm’s overall expansion.

Earlier this month, the Norwich office celebrated its first anniversary, attracting in excess of 250 clients and £85m assets under management (AuM).

Stuart Brookes, joint managing director at Hargreave Hale, said: “Surpassing £6bn in funds under management is a significant achievement, particularly at a time when investors remain uncertain about the country’s economic and political prospects.

“Having reached this milestone, it is important that we continue to focus on the things that have been core to our success – maintaining strong client relationships, delivering quality solutions and providing a first class service.”

The firm has been based in the area for 100 years and until June this year had operated from a number of offices.

But a purpose built 21,000 sqft building was constructed close to its previous Whitehills office to allow administration and IT functions along with the front office investment team. to all be housed under one roof.

At the time it said it had seen demand soar for its bespoke investment services which meant that around 14 new job positions had to be filled.

In April it was named in 20th place in the Sunday Times BDO Profit Track 100 league table

The table ranks private companies with the fastest growing profits over three years.