StockMarketWire.com - Harwood Wealth Management reported a surge in profits as equity more stable equity markets in the second quarter and its in-house investment portfolios bolstered growth.

For the six months ended 30 April, pre-tax profits jumped 74% to £1.63m and revenue grew 6% to £16.12m.

Assets Under Management rose 13% to £1.8bn. Looking ahead, the company said it would be looking at making more acquisitions and added that it is in 'good health' entering the second half of the year, but acknowledged that there would 'doubtless be further political twists and turns over the months ahead.' 'I am pleased to report another positive set of results for the Group, delivering growth in revenue, Assets Under Management and profit. Against the backdrop of turbulent equity markets the Group continued to deliver in line with its strategy,' said Peter Mann, Chairman of Harwood Wealth Management Group.





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