JM Finn’s full year results painted a mixed picture. While pre-tax profits were up just over two percent to £10.72 million, funds under management and administration (FUMA) fell by 11.96 percent to £10.3 billion.
Hugo Bedford, the chief executive of JM Finn, told thewealthnet this drop was largely due to the “tough macroeconomic” environment.
However, he stressed the reporting period only provides a snapshot view of the figures. Over the course of the year,...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
