The group’s net inflows rose to £482m last year, up from £255m in 2016.
The London-based business’s shares were trading marginally higher against a FTSE SmallCap fall of 0.4% this morning as its reported performance in the year to end-March.
It reported adjusted profits of £17.2m, up from last year’s figure of £14.6m.
The adjusted profits exclude exceptional costs including a sharp rise in share-scheme payouts to £3.2m, severance compensation of £218,000 and higher depreciation and amortisation among other items.
Pre-tax profits were £9.1m in the year, slightly lower than the £9.4m figure seen in 2015/16.
The group acquired Alliance Trust Investments immediately after the reporting period, and it said in the results this morning the deal had brought its assets under management to £9.1bn.
Chief executive of the firm John Ions said:
“The investment we have made in the infrastructure of the company, client servicing and distribution combined with the broadening of the investment proposition create an excellent platform to continue our growth.
“At a time when asset management is up front and central in providing solutions, it is more surprising how confused the industry looks.
“Well managed and focused businesses, whether large or small, should benefit from this and continue to grow successfully.”
