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Clarkson Hill confident despite fall in profits

Clarkson Hill saw profits fall from 11,591 to 6,439 for the six months ending in January.

The Aim-listed national IFA blames the fall in profits on admin expenses rising from 1.726m to 1.788m and says increased turnover and growth in adviser numbers demonstrate a solid business model.

Turnover was up by 26 per cent from 8.476m to 10.681m and adviser numbers increased by 17 per cent from 303 to 354.

The company has around 874m in funds under management and continues to implement its assets under advice strategy.

Chief executive Ron Pritchard says: “Our latest results prove that our model is successful and sustainable, despite how challenging the current economic climate can be for any growing business.

“We will continue to focus on the recruitment of qualified and quality financial advisers to further increase funds under management and improve profitability.”


The offshore thing

Investors from the UK put more money into the Luxemburg-based funds of Franklin Templeton Investments and HSBC Investments than their onshore ranges which suggests that offshore funds are becoming an increasingly important part of the UK market.

Arc explores Anglo-American income

Arc Capital & income has introduced its fifth fixed income plan, a capital-protected bond that provides monthly or annual income during a term of five years and three weeks.

Pension savings-2015

Pension tax relief: parked (for the moment)

The national news agenda has been dominated by pension issues this month. For those that missed it (and there cannot have been many given that this was the lead story in spoken and written media), the Chancellor announced a decision to make no decision on pension tax relief in his 16 March 2016 Budget speech. To […]


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