Towry has said it wants to use £35m in new equity to acquire smaller financial advice firms, according to its full-year 2012 results.
Results showed the firm's operating profit increased from £10.2m to £11.8m and discretionary assets under management rose from £4.5bn to £4.8bn. Total revenue was £83m.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 20 per cent from £19.6m to £23.5m.
Chief executive Andrew Fisher said the firm was looking to become the "leading wealth advice firm in the UK".
Further growth is planned in 2013 with the acquisition of smaller financial advice firms, thanks to £35m of new equity raised in December 2012.
{desktop}{/desktop}{mobile}{/mobile}
Most recently, the firm took over Norscot Financial Services and George Square Fund Managers which advise around 900 clients in the Glasgow area. Staff will join Towry's Glasgow offices this month.
Mr Fisher said: "Our business has grown significantly over the last few years and we will achieve further growth in 2013 through acquisition and the recruitment of individual advisers.
We have the funds available to us and we are well placed to take advantage of the post-RDR market opportunities.
"We are also continuing to invest in our business to ensure that we deliver an outstanding service to our clients. Our recent investment in a new CRM system and Financial Planning software will enhance the firm's operating model, help us provide exceptional client outcomes and manage business risk."

• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.