Shares in investment manager Brewin Dolphin leapt by more than five per cent today as it revealed its assets had reached £43bn.
In a trading update for the quarter to 30 June the company revealed that its funds had grown to £43bn, an increase of 6.5 per cent.
Its income for the quarter was a record £84.2m.
Read more: Scotland's largest independent wealth manager bought by Rathbone Brothers
Chief executive David Nicol said: “It has been another excellent quarter in which we have continued to deliver on our long-term organic growth strategy.
“The significant and evolving need for financial and investment advice in the UK continues to support our strategic direction and we remain confident in the outlook for the business.”
Fellow wealth manager Rathbone Brothers also grew its assets, hitting £39.9bn for the six months to 30 June.
Pretax profit in the period jumped 64.3 per cent to £43.7m, in part thanks to a write-back of costs linked to the recent relocation of the companys headquarters to cheaper premises in London.
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Rathbones share price stayed flat as the growth had not met with market expectations.
Analysts at KBW said the inflows, while “a decent showing”, were below target.
Chief executive of Rathbone Philip Howell said: "The first half of 2018 has been a busy one for Rathbones as we progressed a full project agenda and announced the acquisition of Speirs & Jeffrey whilst maintaining our focus on day-to-day operations. We remain confident in the outlook for the business."
Last month Rathbone announced that it was buying Scotland's largest independent wealth manager Speirs & Jeffrey for £104m.
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