Miton Group has seen £494 million net inflows over the year up from just £1 million in 2016.
This contributed to a 32% rise in assets under management to £3.8 billion.
In a year end trading statement, the fund management firm revealed that the majority of inflows were into its equity funds, some £361 million, while investment trusts just had £6 million.
In 47 out of 52 weeks the company said it saw positive net flows.
Over the year the business acquired and cancelled over 15 million shares at a cash cost of £6 million. Its cash balances as at 31 December was £19.9 million.
David Barron (pictured), chief executive officer, said: ‘In my first year as CEO, we have built momentum in the group and broadened the business both in terms of client base and product, whilst intensifying our client centric approach. By offering a strongly-differentiated range of multi-asset and single strategy funds and positioning them as complementary to index based strategies, we are well-placed for the changes taking place in the UK asset management market. We have achieved strong investment outcomes for our clients and are building a resilient and diversified business.
‘These factors have come together in a year of accelerated organic growth and strong cash generation, with record year end AUM and a robust cash position. As we enter 2018 our business momentum remains strong and we are a more balanced business than ever. We are well positioned for the future.’