JM Finn's profit for last year reached was £7.9 million, up from £6.3 the previous year.

UK investment manager JM Finn boosted its net profit 26 per cent to £7.9 million in 2014.

Meanwhile, the firm's discretionary funds under management climbed 3 per cent year-on-year to £5.07 billion as its net fees and commission income were £55.7 million.

As net assets reached £31.6 million at the end of the year, up 15.7 per cent from the previous year, cash balances for the company stood at £22 million at the end of 2014.

JM Finn's chairman, J W Edgedale, highlighted the imminent UK general election as something that was weighing on the firm's mind given the increasing likelihood of a coalition.

“If we do get a change of government they would have significant budgeting and 'civil servant' restrictions, such that I do not believe the markets will be shaken up too much long term despite short-term volitality,”  Edgedale said in the results statement.

“The core strategy of the business is to become the pre-eminent private client investment manager in the UK in its own fields. This revolves around maintaining our focus on high quality profitable clients, offering a quality private client service and retaining and attracting top quality investment managers,” he added.

Directors proposed a final dividend of 65 pence per share for the year end, up from 50 pence in 2013.

The London-based group's spectrum of services include stockbroking, investment management and fund management.