Independent advisory firm Saunderson House, which charges for advice on a per-hour basis, posted a 6% increase in profits to more than £4m in 2013.
The IFG Group-owned outfit saw full-year profits for 2013 rise to £4.04m from £3.81m the previous year, its financial results show. Revenues increased 12% to £20.7m at the London-based business, all of which was derived from fee income for advice. The company also said cost control contributed to the increase in profits. Wages and salaries, at £10.7m, were the biggest contributor to the business' £16.6m expenses in the year. Saunderson House, which holds corporate Chartered Financial Planner status, charges on an hourly rate basis for advice and said it sees "further opportunities"...
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