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Walker Crips client assets rise 33%

Walker Crips client assets rise 33%

Walker Crips client assets climbed by 33% over the course of 2013 to a total £1.25 billion, driving a 16.3% increase in total revenue £3.47 million in the final quarter.

At 8.20 shares in Walker Crips were up 5.7% at 47.3p.

‘Prevailing trading conditions for the group have improved, but uncertainty remains in financial markets,’ the company said in a statement accompanying its interim results.

‘Nevertheless, the current quarter has started well and the board is confident that continued pursuit of its adopted strategy will enable [Walker Crips Group] to continue the trend in growth and improved performance of the group over the medium term.’

Non-broking income within the company, headed by chief executive Rodney Fitzgerald (pictured), rose to 55.1% from 53.9% in the final quarter of 2012. The company noted that it continued to run with £10 million in net cash on its balance sheet.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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