London-based Waverton Investment Management generated annual revenues and pre-tax profits of £53.31 million and £10.21 million respectively for the 15 months to 31 December 2020, according to its latest annual report and accounts.

This compares with the £39.93 million of revenues and £6.30 million of pre-tax profits generated for the 12 months to 30 September 2019.

Assets under management, which generated around 93 percent of Waverton’s revenues over the extended...