Assets under management for the wealth management arm of WH Ireland rose 18% to £2.18bn for the year ending 31 March as the group returned a full year profit for the first time in five years and revealed it was seeking more acquisitions.

Wealth manager and Financial Planning firm Brooks Macdonald has reported a 13.3% rise in group funds under management (£15.5bn) but revenues for its Financial Planning arm have dipped.

Operating profit and fund inflows fell at wealth manager St James’s Place during 2020 as the pandemic “inevitably disrupted” operations and performance.

Unique Financial Planning has launched a new wealth management arm in Surrey to target expansion in the HNW market.