Aberdeen Asset Management has seen assets under management decline despite the acquisition of two firms.
The firm, which is a corporate member of the Institute of Financial Planning, released its results for the nine months to 30 June today.
Assets under management decreased from £212bn at the end of March 2013 to £209bn this quarter. Gross inflows also reduced, particularly to global emerging market equity funds.
Some £9.7bn of new business was won in the quarter, up from £8.8bn in the same period last year. Total new business in the last three quarters is £34.3bn, up from £27bn the same time last year.
Martin Gilbert, chief executive of Aberdeen, said: "We have delivered resilient figures during the third quarter given the volatile global market conditions. Our disciplined investment approach meant a broad range of our products attracted investors although towards the end of the period outflows increased due to heightened market turbulence."
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The firm completed two acquisitions; Artio Global Investors and SVG Advisors during the period.
Artio had £5.9bn in fixed income and £0.8bn in international equity assets under management while SVG Advisers, of which Aberdeen has a 50.1 per cent stake, had £4.3bn in private equity funds.
However, Aberdeen saw net outflows of £0.3bn from Artio following completion of the transaction. This was part of total net outflows of £3.4bn during the quarter. There were no outflows relating to SVG Advisers.
Aberdeen said these outflows were "consistent with our expectations".
Mr Gilbert said: "The investment capabilities these two businesses bring, alongside our existing expertise across equities, fixed income, property and solutions means we are well placed to continue to meet the long-term needs of our clients in what is likely to remain a difficult environment."

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