Brooks Macdonald Group has revealed increased pre-tax profits over the last 12 months, boosted by its work with IFAs.
The integrated wealth management and advisory firm saw pre-tax profits climb 78% to £5.7m in the year to 30 June, compared to the previous 12 months.
Meanwhile, the AIM-listed company's turnover increased from £21.8m to £35.1m and a dividend of 9p per share has been proposed, including the interim dividend of 3p.
CEO Chris Macdonald highlights the importance of advisers to its business growth over the last year.
"We continue to work closely with high quality IFAs and professional introducers alike, he says.
"This continues to account for a major part of the group's growth and in the period under review over 80% of our new business came from these sources.
"I would like to take this opportunity to thank all our professional connections for their continued support."
Macdonald also expresses his company's support for the RDR, pointing out it could provide opportunities for the company over the next two years.
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