Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Walker Crips' new starts drive 35% jump in stockbroking commission

Walker Crips' new starts drive 35% jump in stockbroking commission

Walker Crips' plan to focus the business on investment management has started to pay off, with its stockbroking commission revenue soaring 35%.

The sharp rise was down to the contribution of advisers and investment managers who joined the firm in the last year, Walker Crips said, as it announced it also enjoyed 'substantial growth' in like-for-like fee revenue.

Overall, the group's revenue decreased 3.8% during the three months from 1 October to 31 December, the third quarter in its financial year.

This dip had been anticipated, and it followed the sale of Walker Crips' asset management division to Liontrust.

Looking forward, Walker Crips' investors were told plans for the future involved continued organic growth.

'The current quarter has started strongly, and, if recent optimistic investor sentiment sustained, the board believes there are opportunities to develop existing and new products,' the board said.

Leave a comment
Citywire TV
Play BlackRock UK Special Sits: when will we sell our star holdings?

BlackRock UK Special Sits: when will we sell our star holdings?

What would prompt Roland Arnold to sell the likes of Ashtead and Howden?

Play AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

AA-rated Lofthouse: 'maverick' tobacco settlements won't stop M&A

Henderson International Income trust manager Ben Lofthouse shares his thoughts on recent developments in the tobacco sector in this video.

1 Play Renewable energy: what I found on my solar farm trip

Renewable energy: what I found on my solar farm trip

Renewable energy is attracting a lot of investor interest, so I headed to the UK's largest solar farm to find out more.

Your Business: Cover Star Club

Profile: how Matthew Butcher is carving a new role at Dart Capital

Profile: how Matthew Butcher is carving a new role at Dart Capital

The wealth management industry is undergoing a profound period of change: whether it wants to admit it or not.

Wealth Manager on Twitter