Redmayne Bentley reports strong financials and continued growth

Investment management, stockbroking and financial planning firm Redmayne Bentley has reported a strong financial performance, with a significant increase in both revenue and profits for the 12 months to 31st March 2024.

The firm, with offices across the UK, has confirmed a jump in year-on-year profits of 59% to £7.06 million, with revenue rising 11.7% to £36.2 million.

In July, Redmayne Bentley announced it had successfully integrated the private client business of Blankstone Sington Limited (BSL) which had entered Special Administration in October 2023. The transfer took effect in June, with 1,700 clients moving to the firm and a new office opening in Liverpool city centre. The BSL Special Administrators, Leonard Curtis, have since cited this as “the most expeditious transfer achieved in a Special Administration”. The integration of BSL reflects the firm’s continued strategy to grow the business, building on its provision of personal and truly bespoke investment and wealth solutions.

Stuart Davis, Chief Executive, said:  “As we enter our 150th year of business, our mission remains to provide excellent personal investment services that enhance clients’ wealth. In support of this, our strategic focus includes sustainable growth and continuous improvement to operational efficiency.

“We’ve enjoyed another year of financial and business success, including outstanding client and industry recognition for our business performance and client service.

“People have and always will be central to our business and client service. This is reflected in the culture of the team of colleagues across the business which engenders hard work and commitment, but also the relationships which are formed and developed with clients, particularly those of our truly bespoke investment and wealth services.’’