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.
-
What is the 25x retirement rule and does it work?The 25x retirement rule has been around for decades but many experts question if it is a suitable strategy
-
When is the self-assessment tax return deadline?If you are self-employed, rent out a property or earn income from savings or investments, you may need to complete a self-assessment tax return. We run through the deadlines you need to know about
