Artemis as a business reported a profit of £79mn for the year to the end of 2022, with the total number of employees being 181.
That profit number was significantly down on the £101mn delivered the prior year, with the company stating that the depressed stock market conditions of that year contributed to the lower AUM, and therefore revenues.
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Artemis is a firm with many very big personalities, and products that are very popular among advisers and clients, so the fate of the firm is likely to interest advisers in the months ahead.
David Thorpe is investment editor at FT Adviser
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