Aberdeen Standard Capital (ASC) – the discretionary wealth management arm of Standard Life Aberdeen (SLA) – had its assets under management reach a “record” £7.8 billion at the end of 2020.

SLA’s group accounts for 2020 show its ‘personal’ business – ASC and financial planning business 1825 – managed £13.3 billion at 31 December 2020, up from £12.8 billion a year prior.

Fee based revenue in personal was £80 million up from £70 million in 2019, while fee revenue yield declined slightly to 58.5 basis points.

The number of ASC clients increased from 13,000 to 14,500 during 2020.

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