B Corp wealth manager EQ Investor has reported a 43 percent decrease in profits.

In the year ended 30 April 2023, pre-tax profits fell year-on-year from £1.37 million to £780,696.

This follows a 55 percent increase in pre-tax profits in the 2022 financial year.

Turnover fell 4.87 percent from £10.67 million to £10.15 million.

Meanwhile, administrative expenses grew 2.57 percent from £7.77 million to £7.97 million.

Total staff increased f...