walker crips Q22013

Walker Crips’ revenue increased by more than a third in Q2 due in large part to a 58% increase in stockbroking commission.

walker crips Q22013
1 minute

Between March and June revenue grew 36% to £3.2m, with non-broking business accounting for 58.1%, down from 62.1% in the previous quarter.

Discretionary and advisory AUM grew to £1.07bn, up from £628m in Q2 2012, due to both positive market conditions and the addition of six new wealth managers who brought their client books with them.

Overall fee income increased 20%, which the firm says stands it in good stead for any future periods of potentially lower commission income.

In a statement the firm said it was well positioned to grow both its revenue and assets over the medium term, despite the ongoing uncertainty in the market.

A couple of weeks ago the firm launched the UK’s first short term lending fund – find out more here.

 

MORE ARTICLES ON