Small firms and limited liability partnerships (LLPs) dominate a ranking of the most profitable non-bank wealth management firms active in the UK at the end of 2017 (see Table 1).
London-based Ruffer LLP, Haddington East Lothian-based McInroy and Wood and Harrogate-based Cardale Asset Management head the ranking with pre-tax profit margins of 60.31 percent, 56.27 percent and 49.35 percent respectively.
Other LLPs and small firms that feature in the high echelons of the table are Maseco LLP (41.38 percent), Glasgow-based Speirs & Jeffrey, Killik & Co LLP (35.92 percent) Norwich-based Barratt & Cooke Holdings (30....
