Smith & Williamson has posted £25.3m profits for the year, its highest ever figure.
The firm grew profits before tax by 39% on 2006, and saw fee income leap by 13.7% to £150.5m.
The firm benefited from favourable market conditions across its investment management and banking, and tax and business services divisions.
'The new year has started well and, provided there is no material deterioration in world markets or the UK economy, following the recent turmoil in the credit markets, we remain confident of making further progress this year,' said chairman Gareth Pearce.
He said the market had supported growth in funds under management, and the requirement for audit committees to seek independent advice had generated new business for the group during the past year.
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