The firm now has £9.2bn under management, and attributes the increase to positive market movements and positive net flows.
It has also increased its revenue margin slightly, and states that it has continued to focus on improving the mix towards higher margin assets.
Results from its other divisions were mixed. Growth in the banking division was below that of the same period last year due to reduced demand in some markets.
Net interest margins and bad debt ratio remained stable, while the loan book increased 2% to £4.5bn because of growth in motor finance and the commercial business.
Securities business Winterflood performance remained consistent with the first half. Income fell because of difficult trading conditions in the Alternative Investment Market (AIM) and small cap sectors, offsetting higher trading activity in large stock caps.
The firm said it felt confident that the asset management division would deliver a small profit for the year, the banking division is anticipated to perform broadly in line with performance to-date while Winterflood is well positioned to benefit as conditions in the AIM market improve.
Earlier in the week Close Brothers announced that it had suspended redemptions from its Close Special Situations Fund and the Beacon Investment Trust Fund as they were no longer economically viable to run.
