Smith & Williamson, a UK-based investment management, accountancy and tax group, has reported an 8% rise in group operating income to £215.1m for the year ending 30 April 2015¸from £ 199.1m a year ago.
Adjusted operating profit was £41.1m, an increase of 14.2% from £36m a year earlier. Adjusted operating profit margin was 19.1% versus 18.1% in 2014.
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Funds under management and advice jumped 8.7% to £16.3bn from £15bn in 2014.
The group’s Investment Management and Banking service registered growth in profits of 9.4% to £31.5m.
Smith & Williamson co-chief executive and head of investment management and banking David Cobb said: "Notwithstanding volatile market conditions, the hard work and focus shown by colleagues over the past few years has built strong momentum in the business that is reflected in the current year’s results.
"As a result, we are well placed to take full advantage of future opportunities and are committed to continue investing in our people, infrastructure and business development to ensure we capitalise on our current favourable position. We recognise that this investment is likely to have an impact on profits in the current year."
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