Standard Life Wealth’s assets under administration (AUA) for the nine-month period ended 30 September 2013 was £5.5 billion, compared with £1.8 billion at the end of 2012.
The acquisition of Newton Private Clients, which was completed last month, added assets worth £3.2 billion to Standard Life Wealth’s AuA.
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Total assets under management for Standard Life Investments for the first nine-month of 2013 were £179.6 billion, an increase of 7% compared to £167.7 billion at the end of last year.
Overall, Standard Life group’s AUA for the period was £237.6 billion, a 9% increase from £218.1 billion at end of last year.
Group AUA net inflows were £7.7 billion for the period. Fee based revenue for the period increased by 15% to £1.05 billion, from £923 million last year.
Standard Life chief executive David Nish said: "We look forward to the future as our propositions, distribution capability and strong balance sheet mean we are confident we can deliver ongoing improvements in value for our customers and shareholders."
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