Assets under Management
We request members' total UK AUM figure twice annually:
This figure covers all assets where the day-to-day management is undertaken by managers within the firm and based in the UK. By managers we mean the individuals who undertake portfolio/ discretionary asset management decisions. The figure should refer to AUM publicly reported, on the basis of economic exposure rather than the underlying physical assets.
As such the focus is on the location of the manager, and not on the location of the client, the fund domicile or the relationship management.
The AUM figure includes:
The AUM figure does not include:
Comparison with FCA’S A007 figure
The IA’s definition of UK AUM ought to correspond with the FCA’s A007 Funds under Management figure in all but three respects: