Skip to content
International Adviser
  • Contact
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • Directory
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

Woodford pockets £7.2m as profits triple to £35.4m

22 Dec 16

Woodford Investment Management, the firm owned and run by star manager Neil Woodford tripled its profits to £35.4m ($43.6m, €41.8m) in the year up to March 2016, according to latest records.

Woodford Investment Management, the firm owned and run by star manager Neil Woodford tripled its profits to £35.4m ($43.6m, €41.8m) in the year up to March 2016, according to latest records.

In papers filed with Companies House, Woodford Investment Management reported its operating profit was 60% of its total revenue, considerably higher than the industry average.

The figure signals a three-fold increase on the £11.3m profit the firm made in the same period up to March 2015.

Founder Woodford received a cheque for £7.2m of the more than £11m distributed, while the asset management firm’s chief executive Craig Newman took home £3.9m in a previously-agreed 65/35 split.

The firm also raised cash on its balance sheet to £17.2m following the profit boost, up from £7.5m in March 2015.

In the report the firm revealed it was also setting up a corporate social responsibility programme in efforts to make a “positive social contribution” after donating to 60 charities and good causes in the past year. 

Tags: Neil Woodford

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • GFC Planning launches

    Fixed Income

    Quilter appoints PIMCO for new Global Government Bond fund

    Industry

    What most high-earning expats don’t know about accessing capital

  • Industry

    Pension Schemes Bill passes through parliament after mandation ‘ping pong’

    Industry

    The biggest mistakes I’ve seen advisers make (and how to avoid them)


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.