Fund manager Jupiter today reported a slump in pre-tax profits of £13.7m to £179.2m as assets under management dropped by 15% to £42.7bn and the firm was hit by net outflows of £4.6bn.

Wealth manager St James's Place plc has reported an 8% increase in partner numbers to nearly 4,000 in a buoyant set of full year results out today.

Hargreaves Lansdown saw assets fall 6% in the half year ended 31 December amid “geopolitical uncertainty.”

National IFA firm AFH boosted profits 94%, according to its latest annual report, and aims to become “the leading the leading Financial Planning-led investment manager in the UK.”