Liontrust Asset Management has posted a pretax profit of £19m for the year ended 31 March 2019.
The figure is a 55% jump compared to last year’s profit of £12.3m.
Adjusted pre-tax profit increased 10% to £30.1m from £27.4m.
Revenue also soared, rising 10% to £85m from £77m.
The firm’s assets under management totalled £12.7bn at the end of March 2019, a 21% surge from £10.5bn in the previous year.
Net inflows were £1.8bn during the period, versus £1bn last year.
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By GlobalDataThe firm announced a total dividend of 27 pence for the period, up 29% from 21 pence last year.
Liontrust CEO John Ions said: “This success has been achieved by our continued focus on executing our business plan. Over the past nine years, we have built an impressive group of investment teams, a great distribution franchise and a strong and distinctive brand.
“Liontrust had the 7th highest total net sales (including non-UK domiciled funds) in the UK in 2018 and the 5th highest in the first three months of 2019, according to the Pridham Report. The record flows have been achieved across a broad range of funds.
“The Sustainable Investment team, who joined Liontrust on 1 April 2017, has reached £3.74 billion in AuM, the Global Fixed Income team has raised £419 million in less than a year and the Economic Advantage team continues to produce impressive results.”