Fund Manager MAM Funds saw assets under management grow for the third quarter in a row and said the second half of the year had started well.
Assets under management reached £1.72bn at the end of June, up 3.5% from £1.67bn at the end of December.
The company added that figure had increased to £1.75bn by the end of August.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Adjusted profit before tax - a figure designed to show the underlying cash generation of the business - rose 5.3% to £2.0m.
Executive Chairman Ian Digh said the firm had an encouraging start to the second half of this year.
"We have increasing confidence in the quality of our business and in our ability to grow the group," he said.
"Notwithstanding market conditions, we are trading in line with our expectations and are ready to step up the investment in and the trajectory of the business".
Shares rose almost 4% in morning trading on Monday after the announcement.
-
Millions at risk of 'unnecessary' tax bill – how to shield your savingsMillions of Brits could be taxed on their savings interest this year as their savings interest exceeds the personal savings allowance. Are you at risk?
-
Savers will have to wait as long as 48 years to build a £1m cash ISA pot if allowance is cutChancellor Rachel Reeves is rumoured to be planning a cut to the cash ISA allowance in the Autumn Budget, making it harder for savers to build wealth. Will you still be able to build a £1 million cash ISA pot?
