In its interim management statement the group reported revenue of £36.9m, compared to £28.2m in the same period last year, and said it had seen an increase in both fee and commission income levels.
The group reported a 30% increase in fee income year on year and it now accounts for more than half, 59%, of its revenue.
Total client funds have fallen 0.3% since the end of Q1, from £17.72bn to £17.66bn due to the performance of the FTSE 100 and the APCIMS Balanced Portfolio Index.
The group reported an increase in discretionary funds under management, from £6.38bn to £6.47bn between the first and second quarters of the year.
In a statement, the firm said: “It is pleasing to note that the progress started in the second half last year has continued. Though there are still significant challenges that lie ahead for the wealth management industry, out optimism for the remainder of the year is still a touch higher than it was this time last year”
The firm reported a 17% increase in investment management fees at the end of its most recent financial year due to the increase in discretionary accounts.
