Redmayne Bentley’s operating profits decreased 15 percent in the year to 31 March 2022.

In its latest results, the wealth manager reported operating profits of £3.06 million compared with £3.60 million a year earlier. However, this is still a significant increase from the £1.86 million reported in full year 2020.

Profits before member’s remuneration and profit share fell 15.7 percent from £5.5 million to £4.6 million.

Turnover remained largely flat,...