Alpha Financial Markets Consulting attributed its growth over the past six years to the increase in wealth management firms improving systems as regulatory and cost pressures bite.
The firm is set to join the AIM next month after receiving an £80m investment from private equity firm Dunedin earlier this year.
It has more than 250 consultants working across nine cities and claims to have worked with 17 of the 20 largest global asset managers.
Chief executive Euan Fraser said: “We are delighted to be joining AIM at such a pivotal time in the company’s development.
“Alpha has enjoyed a period of solid investment under its current ownership by Dunedin and this placing and admission to AIM will allow Alpha to retain its strong employee and growth‐oriented culture and to invest more readily in future expansion through the pay down of all existing debt facilities.”
After reporting revenue of £6.7m in 2011, Alpha’s most recent revenue grew to £43.6m for the year ended 31 March 2017.
Fraser believes the firm is well positioned to grow further and that admission to AIM would improve the Alpha brand.
He added it would mean the firm could “grow in both existing and new jurisdictions, while moving into additional parts of the asset and wealth management value chain”.
