Jelf wealth arm reports 8% revenue increase

The corporate advisory group said it now has £446m in third-party funds on wrap and discretionary management programmes, compared to £270m in 2009. It says the appetite for financial advice has increased in the current economic climate as clients seek better returns. It also highlighted the cost-cutting programme it has put in place resulting in a 25% reduction in the number of advisers - all of which are qualified to RDR level. The group says: "During the last period we reduced our cost base resulting in the release of a number of advisers and associated support staff. We have co...