Big fall in costs boost Adam & Co.'s profits 07/07/2015 A 13.7 percent fall in operating expenses helped Adam & Co., an Edinburgh-based private banking and wealth management subsidiary of Royal Bank of Scotland (RBS), boost its 2014 pre-tax profits by 11.78 percent to £19.19 million, according to its latest annual report and accounts, which has just been deposited at Companies House.
Liontrust reports 45 percent profit increase 30/06/2015 Liontrust has reported adjusted pre-tax profit of £12.1 million, for the financial year ended 31 March. This represents a year on year increase of 45 percent, according to its annual report.
Walker Crips AUM jumps by half 25/06/2015 Walker Crips Group reported continued growth in its core wealth management and stockbroking operations, with group revenues increasing 11.1 percent to £23 million in the year to March 31.
Charles Stanley reports £6.1 million loss 18/06/2015 Charles Stanley has reported a pre-tax loss of £6.1 million for the year ended 31 March 2015. The compares to a profit of the same amount for the previous year. Revenue increased one percent year on year to £149.7 million.
AUM and revenue increase for Canaccord Genuity Wealth Management 04/06/2015 Canaccord Genuity Wealth Management has reported global revenues of $70.6 million for its fourth quarter ended 31 March 2015. Total assets under administration in Canada, and assets under management in the UK, Europe and Australia, were $33.3 billion at the end of the period.
J.P Morgan International's mysterious profits collapse 28/05/2015 Getting a true picture of the size and health of a big integrated banking groupís private banking and wealth management activities often turns out to be a mission impossible. Banks, including some of the biggest private banking and wealth management firms, have a habit of folding these activities into their investment banking, retail banking or asset management operations and providing accounting information on a consolidated basis.