Although Rothschild & Co Wealth Management UK recorded another increase in revenues and income for the year to 31 December 2022 these were more than offset by administrative costs.

As a consequence, the UK arm of Paris-based Rothschild & Co’s wealth management operations recorded a small fall in both operating and pre-tax profits.

Revenues for the year came in at £104.56 million, a £2.25 million or 2.48 percent increa...