Brooks Macdonald, the AIM listed wealth management group, has reported pre-tax profits up 22% for the year ending June 2013, though warned of future pressures on margins.
Pre-tax profit at the group - which calculates its figures from June to June -jumped from £8.5m in 2012 to £10.4m this year.
Revenue rose 19% to £63.2m, up from £53.3m the previous year.
The group also reported a year on year increase of 45% in discretionary funds under management to £5.11bn, which it attributed to acquisitions, performance and organic growth in distribution, as well as strategic alliances.
Organic growth - stripping out market growth and acquisitions - was 15%.
Brooks Macdonald's own funds under management grew to £390m, up from £148m last year, including the acquisition of the Spearpoint funds.
Brooks Macdonald acquired discretionary fund manager Spearpoint, manager of the Arch cru funds, in November last year.
However commenting on the results, Brooks Macdonald chief executive Chris Macdonald warned of short term margin pressures on the horizon - though added these would not stop the business from investing for the future.
He said: "This has been a year of considerable expansion for the group against a backdrop of significant regulatory changes. I am pleased to report that we have seen growth across all five of our businesses over the course of the financial year.
"For the coming year our outlook for investment returns remains cautiously optimistic. We believe that there will be a more stable background for regulatory change, that there will continue to be margin pressures on non-bespoke services and that there will be numerous growth opportunities for the group.
"Despite the short term margin pressures highlighted, we are a progressive business and therefore will continue to invest for the future."
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