Smith & Williamson continues solid financial performance at half-year for 2018/19

  • Written By: Ben Mitchell
  • Published: Mon, 17 Dec 2018 14:29 GMT

Smith & Williamson, the financial and professional services firm, has announced its interim results for the first six months of the 2018/19 financial year, which has been a period of steady growth and continuing investment in the Group’s infrastructure.

Smith&Williamson 05
  • Group operating income grew 3.6% to £134.8 million (2017: £130.1 million).
  • Adjusted operating profit was £21.8 million, an increase of 6.3% over the comparative period in the prior year (2017: £20.5 million).
  • Adjusted basic earnings per share increased by 3.4% to 30.8p (2017: 29.8p).
  • Interim dividend per share remains at 10p.
  • Funds under management and advice remained at £20.1 billion.

Smith & Williamson’s client-focused growth strategy is centred in three key areas: developing our people, delivering integrated services and enhancing technology. The firm has made good progress in the first six months of this financial year, completing a review of our organisational and internal governance structures while continuing with our programme of extensive investment in new IT systems.

Kevin Stopps, Co-Chief Executive at Smith & Williamson
The first six months of the financial year have been characterised by a period of steady internal progress, accompanied by a degree of external turbulence. We have delivered a robust set of results, reflecting continued growth and investment across the group, as we build on our longstanding position of strength and the breadth of our capabilities. Our performance further emphasises the value of our business model and the strength of our client relationships. We regard current market uncertainties as an opportunity for us to reinforce those relationships further, while guiding our clients through any difficulties and helping them to maximise their financial potential.
Kevin Stopps, Co-Chief Executive at Smith & Williamson
David Cobb, Co-Chief Executive at Smith & Williamson
The group’s results reflect steady growth in all areas and I am pleased to report we are making good progress in the delivery of our longer-term growth strategy. In spite of short-term uncertainties in the current market environment, we remain positive about the longer term outlook and potential for our business and believe we will be in a good position to capitalise on significant opportunities in the wealth management and professional services market.
David Cobb, Co-Chief Executive at Smith & Williamson

Ben Mitchell
0207 131 8726

Mark Gee
0207 131 4597

Neil Doyle
0777 1978 220

By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. This briefing does not constitute advice nor a recommendation relating to the acquisition or disposal of investments. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Risk warning
Investment does involve risk. The value of investments and the income from them can go down as well as up. The investor may not receive back, in total, the original amount invested. Past performance is not a guide to future performance. Rates of tax are those prevailing at the time and are subject to change without notice. Clients should always seek appropriate advice from their financial adviser before committing funds for investment. When investments are made in overseas securities, movements in exchange rates may have an effect on the value of that investment. The effect may be favourable or unfavourable.

Notes to editors
Smith & Williamson is a leading financial and professional services firm providing a comprehensive range of investment management, tax, financial advisory and accountancy services to private clients and their business interests. The firm’s c1,800 people operate from a network of 11 offices: London, Belfast, Birmingham, Bristol, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton. Smith & Williamson is part of The Tilney Smith & Williamson Group.

Smith & Williamson Holdings Limited

Smith & Williamson LLP
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International.

Smith & Williamson Investment Management LLP
Smith & Williamson Investment Management LLP is part of the Smith & Williamson group. Authorised and regulated by the Financial Conduct Authority

Smith & Williamson Investment Services Limited
Authorised and regulated by the Financial Conduct Authority

Smith & Williamson Fund Administration Limited
Authorised and regulated by the Financial Conduct Authority

The Financial Conduct Authority does not regulate all of the services referred to above.

Cookie Settings