Kingswood profits up but revenues fall

Group operating profit rose 36% to £8.7m at Financial Planner and wealth manager Kingswood in 2022, according to a trading update this morning.

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Enlarged Nucleus returns to profit as revenues rise 80%

Adviser-focused investment platform Nucleus has reported a £25.4m profit before tax for 2022 following its £24m loss in 2021.

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St James's Place net inflows drop 31% in Q1

Net inflows have dropped 31% year-on year to £2bn (Q1 2022: £2.91bn) for wealth manager St James’s Place in the first quarter of 2023, according to a trading update issued this morning.

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Slow start to 2023 for AJ Bell as inflows fall 25%

Net inflows fell 25% year-on-year to £1.2bn for AJ Bell’s platform business for the first quarter of 2023.

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