Mattioli Woods, the pension consultant and wealth manager, has reported increased pre-tax profits of £5.56m, up 9.9%, for the year ended 31 May.
Its final results said profits before tax were up from £5.06m in 2012.
The firm said revenue was up 14% to £23.41m. It stove at £20.48m in 2012. it said it was in a "strong financial position" with £8.05m of net cash.
Total client assets were up just over 20% to £3.64bn to the year ending 31 May, compared to just over £3bn in the previous financial year.
The results also highlighted the business was appointed to operate The Pilgrim SIPP in June 2012, it launched a discretionary portfolio management service in August last year and acquired Ashcourt Rowan's pension business in April this year.
The firm said recent developments, including the appointment to operate the HD SIPP and the purchase of Atkinson Bolton in July, had pushed client assets over the £4bn mark. Some £450m of this is discretionary assets under management.
Executive chairman Bob Woods said: "The RDR heralded a period of unprecedented change in our sector, creating enormous opportunities. Our total client assets under management, administration and advice increased by 20.5% to £3.64bn at 31 May 2013, with £301.9m of assets added on the acquisition of Ashcourt Rowan’s pension business in April 2013.
“The board is pleased to recommend a 26.1% increase in total dividend for the year to 7p per share and remains committed to growing the dividend, while maintaining an appropriate level of dividend cover.
“This is an exciting time. We were delighted to announce the acquisition of Atkinson Bolton last month and both our recent acquisitions are excellent cultural and strategic fits, offering real synergies with the wider group.
“I believe we are well positioned to grow in the post-RDR world and we plan further investment in information technology, training and recruitment over the next 12 months. I have enormous conviction in our strategy and look forward to Mattioli Woods delivering first class services to our clients and further sustainable growth to our shareholders over the coming year.”
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