Graham Clark, CEO, said: “Market uplift contributed positively to this result, with an equal contribution from an increase in business from both new and existing clients.”

“Having identified untapped potential in Glasgow over the last couple of years, the timing is right to have a more dedicated presence in the city. Getting Ken on board to lead the provision of financial planning advice and guide our team is a great result.”

Ken Davidson was recently hired from Adam & Co to lead Anderson Strathern Asset Management’s new Glasgow hub-style office. He takes up the role of chartered financial planner following over seven years with Adam & Co in Edinburgh, with previous stints as an Associate Director at HSBC Private Bank, and over 13 years in a variety of senior positions at Royal Bank of Scotland.

Anderson Strathern Asset Management marks its tenth anniversary this year.

Mr Clark added: “By sticking to what we know, we have been able to steer the business in a steady and progressive fashion. We run model portfolio services internally, but because that doesn’t suit every client, we also conduct market wide due diligence on external investment firms to ensure we have sufficient range and capability to address as wide a variety of client needs as possible.”