UK ASSET & WEALTH MANAGEMENT | Paul Bryant, Equity Analyst

If you grasp Asset Managers' Q1...

...then congratulations, because what a mixed bag of a quarter it was! Share price moves ranged from +45% to -30% and fundamentals were all over the…

Apr 24 • Paul Bryant

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Tatton AUM beats forecast again

Underlying net flows were strong all year but even stronger in H2. Growth prospects look good and Tatton looks well on track to hit its £30bn AUM/I…

Apr 15 • Paul Bryant

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Bumper quarter for Polar Capital

Huge net inflows in the Jan-Mar 26 quarter stands in stark contrast to equity funds more generally, and active equity funds especially, which suffered…

Apr 13 • Paul Bryant

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March 2026

What subscribers receive

Deep company & sector analysis, written for shareholders, boards, & executives of London-listed Asset & Wealth Managers. Find out more…

Mar 18 • Paul Bryant

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Pollen Street results watch. A winner hit by narrative contagion?

Shares down 25% on a cocktail of private credit & AI disruption worries. That smells like narrative contagion. Iran has muddied the picture further. 26…

Mar 17 • Paul Bryant

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Has Evelyn deal flagged hidden value in London-listed wealth management?

NatWest's punchy Evelyn multiple (for pedestrian performance compared to some listed peers) suggests a hungry acquirer might pay a meaningful premium…

Mar 5 • Paul Bryant

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February 2026

Jupiter jumps again (and there might be more to come)

Jupiter has turned from laggard to leader. The share price has had a huge recovery. Its fundamental valuation suggests there might be even more upside.

Feb 26 • Paul Bryant

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UK Wealth Managers' 2025 in charts

A relatively solid year for fundamentals, but some huge and divergent share price moves, coupled with AI fears, makes for tricky valuation assessments

Feb 19 • Paul Bryant

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2025: the great Asset Management bifurcation? (part 2 of 3)

Some are priced to win, some to lose, then there's a peloton with similar-looking valuations. What is Mr Market actually pricing in?

Feb 9 • Paul Bryant

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2025: the great Asset Management bifurcation? (part 1 of 3)

UK-listed asset managers had wildly differing fortunes in 2025. Was it the year that revealed winners and losers? Or has it left some richly valued, and…

Feb 3 • Paul Bryant

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January 2026

In conversation with Mercia CEO, Mark Payton

Under the bonnet of Mercia Asset Management’s business model, growth opportunities, strategy, and the disconnect between fundamental value and share…

Jan 29 • Paul Bryant

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PensionBee purring in the UK...

...but the share price seems stuck. It looks like all eyes are on its US buildout

Jan 26 • Paul Bryant

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