The firm now has over $5.4 billion in funds under management and advice.
Clime Investment Management has reported its total funds under management and advice rose by 1 per cent in Q4 2021 to $5.42 billion.
Total funds under management rose by 1.9 per cent to $1.41 billion, including gains for the listed investment company Clime Capital Limited, which rose 7.6 per cent to $170 million, and separately managed accounts (SMAs), which rose 5.1 per cent to $291 million.
Funds in individually managed accounts (IMAs) rose by 1.2 per cent to $588 million while managed funds and mandates saw a 1.9 per cent drop to $365 million.
Clime announced earlier this month that it had finalised plans to transfer $270 million in funds under management to Ralton Asset Management in exchange for a 75 per cent stake in the company.
“This initiative strategically positions CIW in a growth market with an offer that is rated and highly sought,” the firm said in its statement to the ASX.
Meanwhile, total funds and insurance premiums under advice during the quarter rose 0.7 per cent to $4.00 billion.
This included a 2.1 per cent rise in funds under advice to $3.36 billion, a 4.3 per cent rise in insurance premiums under advice to $48 million and a 6.9 per cent fall in funds under administration for WealthPortal to $597 million.
“In addition to our recent transaction with Ralton, progress has continued with other strategic opportunities,” Clime noted in its statement.
“There is strong demand for professionally managed investment portfolios and support within the advice community; the access to Clime’s Investment consulting expertise continues to create synergies for the company.
“During the June half, the company will determine which opportunities progress based on their commercial and strategic alignment.”
The firm said it expects to release its interim results around 21 February.
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
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