City Asset Management In The Press
Regional footprints: A spotlight on London boutiques
By Wealth Manager Team 21 Dec, 2017
Nick Coghill, City Asset Management, the City
Having reshaped its proposition over 2017, the team of 48 at City Asset Management are now focusing on growth. Considering the company’s recent growth trajectory, CEO Nick Coghill (pictured left) has further ambitious plans.
‘Our goal is to provide our distinctive inflation-plus offering and to treble our AUM over the next five years,’ he said. ‘The 18% growth over the last financial year was our first step in this direction.’
The last few years have seen the firm move into new offices, as well as growing its assets under management from £400 million at the end of 2014 to £550 million at the end of September 2017. The company’s spending on technology has also increased while the team is busy introducing a new website and marketing materials in 2018 too.
‘Following an extended period of consolidation, it feels like we could see some fragmentation within the wealth management sector and we will look to selectively hire talent that can help grow our business,’ Coghill added.
When asked about operating in the capital, he quotes traffic, travel and the price of a pint as the biggest challenges – ‘but a small price to pay to work in one of the world’s greatest cities,’ he said.