Adam & Co, part of the private
banking arm of Royal Bank of Scotland, held profits steady at £24m
($37m) last year.
Pre-tax profits at Adam & Co for the year
to 31 December were £24.2m, compared with £24.3m made in 2008.
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Managing director David Cathie said the company
had proved resilient despite a difficult time for the RBS
group.
He said Adam & Co, which has 9,500 clients
and £1.5bn assets under management, had continued momentum in
2010.
The firm was reported to have boosted client
numbers by 5-10% in 2009 and plans to take on another 10
client-facing staff during 2010.
RBS Coutts is expected to announce its results
next month.
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