Wealth Manager, JM Finn, has released its annual report and accounts for 2024 revealing a second successive increase in profits.
According to the group, at the end of December 2024, total assets under management and administration were up 3% to £10.9 billion, 85% of which were managed on a discretionary basis. This increase in total assets drove up fees and commissions, which, combined with a continued focus on cost control, helped deliver a 17% increase in profits for a second consecutive year.
During the year the firm embarked on several initiatives including the hiring of Jon Cunliffe as Head of the Investment Office, as the firm looks to build out the investment proposition to bring enhanced guidance and consistency across the investment teams.
As part of their continued focus into finding efficiencies across the business, a new digital onboarding tool was developed to enhance the client experience, and to continue to build out the wealth planning proposition, which is still very much in demand by their clients.
Additionally, the Winchester office moved to new premises during the year, and planning applications were submitted to significantly overhaul the Bury St Edmunds office.
Hugo Bedford, CEO at JM Finn commented: “I am delighted that our emphasis on delivering greater operational and investment efficiency across the business is paying off. We continue to focus on client engagement as well as embarking on a number of specific business development projects that aim to provide an even more secure platform for sustainable long-term growth.”
