Troubled wealth manager and Financial Planner WH Ireland has reported saw bigger losses and a sharp drop in revenue in interim results out today.

Financial Planner and wealth manager Kingswood Group, which confirmed it was potentially up for sale earlier this year, has reported a 10% rise in group operating profit to £5m for the first half of 2023.

Wealth manager and Financial Planner WH Ireland made a pre-tax loss of £380,000 over the past half year as revenue slumped due to market turmoil.

Financial Planner and wealth manager Quilter increased pre-tax profit in the first half of the year by 9% to £61m (H1 2021: £56m) despite a sharp fall in Assets Under Management (AUM) as markets tumbled around the world.