Accountancy, investment management and tax group Smith & Williamson has seen its tax and business services division profits increase to £2.4 million (from £1 million in 2015).

At the same time the investment management and banking division profits went up by 21 percent, group operating income grew by 10 percent from £106.5 million in the previous year to £117.5 million.

Adjusted operating profit grew to £17.7 million representing a 22 percent rise compared to the same period in the prior year (£14.5 millio...