Towry, the UK wealth advisor, grew its assets under management by almost a third in the first half of 2011, to £4.5 billion ($7.3 billion) from £3.5 billion a year earlier.

The firm also reported a 9 per cent boost in revenues and earnings before interest, taxes, depreciation and amortisation of £9.4 million, up 47 per cent from £6.4 million for the first half of 2010.

During the period, Towry bolstered its board with two independent non-executive directors in the shape of Gerald Corbett and Sally James.

“We are confident of producing further new AuM inflow and a strong performance for the financial year as a whole, against a background of increasing  market volatility and demands of regulation,” Andrew Fisher, chief executive of Towry, said in a statement.