StockMarketWire.com - WH Ireland said despite a significant repositioning of the business during the past year it expects to report an increase in operating profit for the year when compared with that reported in 2014.

Total revenue for the year will see a marginal increase on that reported a year earlier which is a reasonable performance, given the more challenging trading environment since the half-year end, with the reduction in transaction fees and market making revenue in the company's Corporate Broking division being more than offset by the continued growth in recurring fee income from both Corporate Broking and Wealth Management.

Management fee income in WH Ireland's Private Wealth Management division has increased by approximately 35% from the previous year, whilst retainer income in the Corporate Broking division has risen by approximately 6%. Recurring revenue across the Company has continued to grow and now represents nearly 37% of total revenue.

Assets Under Management and Administration on an adjusted basis (allowing for the announced office closures and business line exits) rose by 2% over the year to £2.5 billion. Of this total, discretionary assets rose by 6% to approximately £770m. The company's Corporate client list grew during the financial year from 93 clients to 98 as of the year end.




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