Reports

Big Profits Jump at UK-Quoted Wealth Management Group

Stephen Harris 15 March 2006

Big Profits Jump at UK-Quoted Wealth Management Group

AIM quoted iimia Investment Group saw a pretax profit of £546,000 ($953,000) for the year to Dec 31 2005, compared with a loss of £6.3 milli...

AIM quoted iimia Investment Group saw a pretax profit of £546,000 ($953,000) for the year to Dec 31 2005, compared with a loss of £6.3 million in 2004. The company predicts further increases in profitability in the current year after significant progress was made during 2005 in each of the company's principal operating divisions - fund management, wealth management, corporate finance and administration services. The company’s wealth management division started to make a positive contribution to profits in the second half after a structural review and a subsequent rationalisation of costs. The company acquired Intelli Partners Group last September, which it intends to expand by providing stockbroking services, including sharedealing.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes