Collins Stewart Wealth Management (CSWM) has today (Thursday 18th March) released its results for 2009 and announced the acquisition of Corazon Capital Group Limited.

CSWM has revealed net inflows for the year of ?332m, taking total assets under management and administration to ?5.9bn as at 31st December 2009, which represents a strong annualised organic growth rate of 6.8%.

The acquisition of Corazon, an independent, Guernsey-based investment manager with assets under management of ?382m (?368m of which is discretionary), reinforces CSWM’s intention to grow the business.

Dermot Hamill, Head of CSWM Isle of Man, commented, "I am delighted that our previously stated three-pronged approach to growing our business has delivered a strong set of results. 

"The strong organic growth rate is starting to affect previous investment whilst we have further boosted the business through some key recruits.

"Finally, I am delighted our first acquisition, which underlines our commitment to our offshore wealth management clients."