LONDON (Alliance News) - Corporate broker and private wealth manager WH Ireland Group PLC on Friday said it has performed well in the first half of the year, with trading stronger year-on-year.
The company said its private wealth management arm has continued to grow its asset base, with total assets under management and administration rising to GBP2.8 billion at the end of May, the middle of its financial year, up from GBP2.7 billion at the end of November 2014.
Discretionary assets have increased to more than GBP800 million, the company said, boosted by an improvement to its asset mix.
In its corporate broking arm, its corporate client base has increased to 98, compared to 92 a year earlier, boosting its recurring retainer fee income.
WH Ireland will publish first-half results on July 20.
"Both our divisions have had good half years, with strong progress in their respective key metrics: increased discretionary funds under management in Private Wealth Management and increased numbers of clients in Corporate Broking. We look forward to making further progress in the balance of the year," said Chief Executive Richard Killingbeck.
Shares in WH Ireland were up 0.5% to 102.50 pence in early trade on Friday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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WHIreland (WHI)