Liverpool financial services business Wealth at Work sees funds under management grow 15% to £4.5bn so far in 2026 amid a 39% surge in pre-tax profits to £13.1m. Tony McDonough reports
Liverpool financial services business Wealth at Work is reporting a “strong performance” in its latest annual accounts with revenues, profits and funds under management all rising significantly.
Based at St Paul’s Square in the city’s commercial district, Wealth at Work offers financial education and advice to the employees of multiple companies Marks & Spencer, BT, Centrica, and the NHS, as well as managing billions of pounds of assets for individuals.
In its accounts for the 12 months to December 31, 2025, posted on Companies House, Wealth at work is reporting a 19% rise in revenues to £58.2m and a 39% surge in pre-tax profits to £13.1m.
At the end of the accounting period its funds under management had risen from £3.1bn at the end of 2024 to £3.9bn. However, in September the company, which employs more than 400 people, had seen this figure rise by a further 15% to £4.5bn.
These results means the firm’s Jersey-based parent company has pocketed dividends totalling £8.9m adding to the £9.5m paid out in 2024.
Writing in the annual report, chief executive David Cassidy said: “2025 was a year of strong performance for the group, with funds under discretionary management increasing by more than 26% during the year.
“This growth was driven by a combination of market performance and operational improvements. Equity markets made a significant contribution, with global industries recording broadly positive returns.”
He added: “The group has delivered on a deliberate switch towards internal recruitment motion within its advice-focused workforce through the establishment and development of a wealth services academy.”
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In September Wealth at Work announced David Cassidy would be standing down as chief executive after leading the business since it was founded in 2004. His replacement, Mark Duckworth, will replace David on December 1.
Mark brings more than 30 years’ experience within financial services, having previously served as chief executive of Schroders Personal Wealth and Openwork.