Company A · Wealth management · Monthly report
September 2026
FinalClosed 6 Oct 2026Example data
A new foundation mandate lifted AUM to a record NOK 56.57bn
Assets under management
Client assets Company A manages at month end. The change on the month before is net new money plus how the markets moved.NOK 56.57bn
+NOK 1.38bn · +2.5%
Net new money
Money clients brought in minus money they took out this month, before any market move. Underneath is the total for the year so far.NOK 780m
NOK 1.25bn this year
Revenue
Management and performance fees, advisory and transaction income for the month, against the budget set at the start of the year.NOK 32.9m
+2.4% on budget
EBIT margin
Operating profit as a share of revenue, against the budget margin. Staff is the largest cost, so the margin moves with revenue more than with costs.41.4%
+0.2 pp on budget
Revenue margin
Revenue as a share of the assets, in basis points a year. One basis point is 0.01%. It falls when clients move to cheaper mandates or performance fees drop out.70.6 bps
0.0 bps on Aug
Client relationships
Clients at month end, with the new and lost relationships this month. A lost institutional mandate counts as one client, however large.3,458
30 new, 12 left
AUM bridge
NOK bn · axis cutCommentary
Drafted from the numbers- A new foundation mandate of NOK 0.64bn was funded on 15 September.
- AUM closed at NOK 56.57bn, up NOK 1.38bn in the month. Markets added NOK 0.73bn, currency took NOK 0.13bn, and net new money was NOK 780m.
- Revenue was NOK 32.9m, 2.4% above budget. The biggest gap was in transaction fees, at +NOK 0.8m.
- Foundations brought in the most new money at NOK 666m, and every segment had net inflows.
- Costs were NOK 0.4m over budget, and the EBIT margin was 41.4% against 41.2% in the budget.
Draft for the CFO to review
Profit and loss
NOK m · actual against budget| Sep | Budget | Var | YTD | YTD var | ||
|---|---|---|---|---|---|---|
| Management fees | 29.1 | 29.1 | 0.0 | 254.4 | +1.9 | |
| Performance fees | 0.0 | 0.0 | 0.0 | 1.1 | −1.9 | |
| Advisory fees | 2.3 | 2.4 | −0.1 | 21.3 | −0.3 | |
| Transaction fees | 1.4 | 0.7 | +0.8 | 11.7 | +5.9 | |
| Revenue | 32.9 | 32.1 | +0.8 | 288.5 | +5.5 | |
| Personnel | 13.3 | 13.1 | +0.2 | 117.3 | −0.1 | |
| IT and data | 2.9 | 3.0 | −0.1 | 26.3 | −0.7 | |
| Premises | 1.2 | 1.2 | 0.0 | 10.8 | 0.0 | |
| Other costs | 1.9 | 1.6 | +0.3 | 13.6 | −0.8 | |
| Costs | 19.3 | 18.9 | +0.4 | 167.9 | −1.7 | |
| EBIT | 13.6 | 13.2 | +0.4 | 120.6 | +7.2 | |
| EBIT margin | 41.4% | 41.2% | +0.2 pp | 41.8% | +1.7 pp |
AUM by client segment
NOK bn · two yearsPrivate clients25.92
Family offices15.16
Foundations8.46
Institutional7.02
Flows by segment
NOK m · out and inOutflowsInflowsNet
Private clients−218+298+80
Family offices−167+171+4
Foundations−63+729+666
Institutional−60+90+29
Model portfolios
Return in the month · equities / bondsPortfolioAgainst benchmarkSepExcessYTD
Defensive25 / 75+0.89%+28 bps+4.2%
Balanced50 / 50+0.92%+1 bps+5.4%
Growth75 / 25+1.49%+29 bps+6.5%
Equity100 / 0+1.64%+14 bps+8.4%
PortfolioBenchmark
Example data · Company A is fictional · Built with Claude Code
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