Wealth management group Brooks Macdonald has announced a 16% rise in pre-tax profits.
The latest figures, released this morning, showed at the end of 2013 profits before tax had increased from £4.26m to £4.93m.
Revenue was £33.39m, up from £31.46m and total discretionary funds under management went up to £5.68bn from £4.62bn.
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Chris Macdonald, chief executive, said: "The first half of our financial year has been a solid period of progress for the group with continued growth in discretionary funds under management, further development of our investment offering, distribution and IT systems.
"We are pleased with the progress the group has made and has continued to make since the half year end."
Chairman Christopher Knight said: "There continues to be a huge amount of change in our industry.
"This change is focused on regulation and the related increase in costs, the continued desire for clients to look at risk-rated returns, changes in the distribution landscape for investment management, auto enrolment, margin compression and the speed of technological change particularly around client reporting.
"We are pleased with the progress we have made both to meet these changes and in the development of our business. Our expectations for the current year remain in place."