The wealth manager said this came as a result of strong performance and net new business throughout the quarter, which ended 31 March 2014.
It also reported that its advisory funds under management totalled £413m, a 10.5% increase on last quarter’s £374m.
Furthermore, property assets under administration rose by 6.3% to £1.14bn and third party assets under administration reached £180m.
Chief executive Chris Macdonald said: “Despite flat markets in the first quarter, we have made good progress in growing assets under management in all areas of the business.
“Overall, in our financial year to date, discretionary funds under management have risen 16%.
“The acquisition of DPZ Capital at the start of the new quarter has expanded our International business based in Jersey and adds a further £46m of funds under discretionary management.”
The acquisition of DPZ came earlier this week through the asset management arm of the Brooks Macdonald group.
The group agreed to initially pay £3m in cash and £2.7m for shares for the Jersey-based wealth manager, but the price could increase to £10.8m if DPZ’s assets under management remain within the group.
Darren Zaman, chief executive of DPZ Capital, said: “We believe that by combining with BMI we will become part of the leading investment management business in the Channel Islands and look forward to contributing to a strong and fast-growing international investment business that will bring many benefits to our clients and staff.”
