Chris Macdonald, outgoing chief executive of Brooks Macdonald, said today (15 March) that the company was achieving growth despite "volatile client sentiment".
The Aim-listed wealth management group reported a 24 per cent increase in underlying pre-tax profit, to £8.87m, while revenue increased 17 per cent to £45.34m.
Total discretionary funds under management rose 19 per cent to £9.33bn.
The company increased its dividend by 25 per cent to 15p from 12p.
Mr Macdonald, who retires in April,and will be replaced by Caroline Connellan, former head of UK Wealth at HSBC. Mr Macdonald will remain on the board as deputy chairman.
"The last 25 years have been an incredible journey, from setting up the business, to listing on AIM, and growing FUM to over £9bn.
"It has been fantastic to lead a business defined by a strong culture and talented people, and I look forward to continuing to be a part of it in my new role," he said.
The company completed its first strategic alliance abroad, in the UAE, during the period and also recently announced expansion into Wales.
All three of its investment divisions, Investment Management, Funds and Brooks Macdonald International, announced double digit growth.
"Market sentiment remains volatile but we have an excellent team and a well established growth strategy.
"We therefore look forward with confidence and are currently on track to deliver in line with our expectations for the full year," said chairman Christopher Knight.
