WH Ireland delivers pre-tax profits of £1.4m as discretionary AUM grows

WM AUM remains at £1.6bn

WH Ireland has delivered pre-tax profits of £1.4m in the last financial year, as it continued to grow its discretionary assets under management despite the “volatile and testing” market backdrop.

While wealth management assets under management remained stable at £1.6bn, group AUM grew 14% to £2.4bn, up from £2.1bn in FY21, according to the firm's final results for the year ended 31 March 2022. Under the group's wealth management division, the proportion of assets under discretionary management increased by 6% to £1bn, up from £960m in the previous financial year.  Wealth management delivered revenue in the year of £15.8m, up from £13.3m. This follows the completion of the full integration of the division's acquisition of Harpsden and the appointment of Michael Bishop as head o...