Revenue and pre-tax profits grew at Greater Manchester-based financial advisory Frenkel Topping during its latest financial year.
The Salford firm has reported its latest financial figures after it successfully raised £13m to fund its mergers and acquisitions strategy.
In an update to the London Stock Exchange, the AIM-listed group confirmed its revenue increased 19% from £8.6m to £10.2m in the 12 months to December 31, 2020.
The group's pre-tax profits also rose by 25% from £1.2m to £1.5m over the same period.
The firm added that its new financial year "has started positively, giving cause for optimism".
Chief executive Richard Fraser said: "Our strong performance provides a clear example of the positive outcomes achieved when commercial astuteness is anchored by a strong moral obligation to do the right thing by customers, employees and the wider society.
"Despite the uncertain geo-political and macroeconomic backdrop, we have achieved an increase of 25% in adjusted EBITDA, 25% in pre-tax profit. 13% in AUM and 32% in assets on a discretionary mandate.
"Our client retention rate remained high at an impressive 99% which reflects our clients' trust and confidence in us to manage their money conservatively and generate returns.
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"Further we were extremely pleased with the outcome of our capital raise of £13m (gross) to fund our M&A strategy to help build the future profitability of the group and consolidate the PI and clinical negligence marketplace.
"The year has begun robustly giving cause for optimism for the remainder of the year. Within our IFA and investment management pillars, we have won significant AUM mandates.
"Our conservative approach to investments and customer centric ethos has demonstrated our resilience in the face of the Covid-19 pandemic.
"Our professional services pillar, incorporating our recent acquisitions, has also had a bright start to the year. This is particularly pleasing as this is a key pipeline for future AUM growth.
"The management team remain focused on delivering stakeholder value and the group is trading in line with management's expectations."