Wealth manager JM Finn has claimed a “satisfactory” year, despite a five percent dip in profits.

The firm said its revenues for the year ended 31 March were up five percent, though pre-tax profits fell five percent due to higher costs.

The firm is yet to release its full accounts, but issued a statement giving a brief overview of its performance.

The revenue increase was driven by increased management fees thanks to an increase in discretionary funds under management. Discretionary now accounts for 80 percent of the firm’s total AUM figure, compared to 67 percent five years ago.

JM Finn had fun...