Brooks Macdonald, a UK-based wealth management firm, saw a 23% rise in their assets under management (AuM) in the half year ending 31 December 2013, reaching £5.68 billion compared to £4.62 billion in same period last year.

In addition, the group’s pretax profit rose 16%, from £4.26 million to £4.93 million, in the same period.

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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."

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