RBS groups’ wealth division saw a 2% fall in client assets under management (AuM) to £30.8bn ($47.9bn) in the first quarter year-on-year results, from £31.4bn.
Quarter-on-quarter results however saw AuM recover by 7% from £28.9bn at the end of last year.
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The drop in AuM was attributed to the sale of their Latin American, Caribbean and African business last year.
Total income for RBS wealth, which includes Coutts and Adam & Company, was down for year-on-year results, from £290m to £273m.
Overall expenses dropped boosting profits from £43m to £56m, compared to the same quarter last year, but were down from the £76m mark in the fourth quarter of 2012.
The fall in profit reflected the reversion of staff expenses following a significant reduction in incentive costs in fourth quarter 2012.
RBS group announced overall profits of £825m, compared with a £1.5bn loss for the same time last year.
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