Rathbone Brothers said trading in the three months to Dec. 31, 2016, was robust, reflecting a rally in investment markets and positive transaction volumes.
Total funds under management at 31 December 2016 were £34.2 billion, up 17.1% from £29.2 billion at 31 December 2015.
Funds under management in Investment Management were £30.2 billion at 31 December 2016, up 15.7% from £26.1 billion at 31 December 2015. The FTSE 100 Index increased 14.4% and the FTSE WMA Balanced Index increased 13.6% over the same period.
Total net inflows in Investment Management for the fourth quarter were £292 million (Q4 2015: £368 million). The total for the year was £1.2 billion (2015: £1.4 billion).
"Despite the market rally in the last quarter of 2016, political and economic uncertainty could particularly impact investment markets in 2017," said Rathbone in a statement.
"We expect to pursue planned growth initiatives in the coming year and continue to prioritise expenditure that enhances our client service and upgrades our infrastructure. We retain an appetite for acquisitions that fit our culture and look forward with cautious optimism."