Walker Crips eyes further growth as assets jump 33%

Walker Crips Group is continuing to pursue its growth agenda after a successful last quarter of 2013, with assets under management jumping by 33% over the year.

The latest set of results points to improved performance and profitability during Q4 2013, which positions the group for further organic growth and 'suitable acquisitions', it said. Discretionary and advisory AUM jumped from £940m at the end of 2012 to £1.25bn by the end of 2013. Revenue also increased over the last quarter, up 16.3% on a like-for-like basis, driven by higher commission and increased investment management fee income on the one hand, and more favourable market conditions on the other. In a statement, the group said: "[Our] turnaround strategy continues to deliver r...