WH Ireland withdraws from third party adminstration

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May, as it refocuses its business and withdraws from third party administration.

In its results for six months ended 31 May 2014, the group reported pre-tax profits of £203,000, up from £59,000 in 2013, an increase of 244%, and a rise in revenues of 12.6% to £14.7m, In its private wealth management arm, funds under management and administration rose by 9.6% to £2.7bn, up from £2.5bn on 30 November 2013. WH Ireland has been recruiting for its offices in London, Birmingham, and Milton Keynes, and has appointed Tim Steel and Dan Cowland as non-executive director and finance director respectively. It has also announced it will withdraw from third party administra...