WH Ireland look to the future

Michael Bow
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UK WEALTH manager and broker WH Ireland yesterday posted a fall in pre-tax profits but said it had taken steps to put the group on a steadier footing this year.

The company made £500,000 in profits for the full year of 2014, down from £1.7m last year. One-off costs like the restructuring its private wealth management division were to partly blame, the company said.

Revenues rose to £30m up from £29.7m and the firm also bolstered its final dividend by 33 per cent to 2p a share.

“All the big changes across the company have been identified and communicated,” chief executive Richard Killingbeck said. “On the corporate side we’ve continued to grow the client list and our strategy is to boost retainer fee income.”

Shares in the group finished the day 1.6 per cent higher.

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