Schroders has reported annual pre-tax profits of £406.9m for 2010.
The figure is up almost 200 per cent from the £137.5m seen in 2009, while net inflows almost doubled from £15bn to £27.1bn. Funds under management at the end of 2010 stood at an all time high of £196.7bn, comapred to £148.4bn in 2009.
Much of the returns came from its asset management arm with profits before tax up from £174.7m in 2009 to £381m in 2010, asset management revenue increased from £679.2m to £996.2m. The private banking arm saw profits halve from £20.1m to £10.1m, while the group segment returned a £15.8m profit in 2010, compared to a loss of £57.3m a year earlier.
Earnings per share rose from 34.3p in 2009 to 111.8p. Full year dividends have risen from 31p to 37p per share.
In a statement the group says it expects the economic recovery to continue in 2011 but warns that markets will continue to be volatile in the face of rising inflationary pressures, rising interest rates and heightened political risk in developing markets.