Wealth manager Redmayne Bentley recorded a profit of £4.4 million for the 12 months ended 31 March 2023.

Year-on-year revenue was up 8.5 percent from the previous year. 

Overall costs were higher in the period, due to increasing employee salaries and a one-off payment to support employees with the cost of living.

However, assets under investment management at the firm fell slightly to £2.5 billion, which Redmayne Bentley attributed to "the macro-economic envi...