Cornelian Asset Managers, the Edinburgh-based firm which is to be acquired by London-based Brooks Macdonald Group, is sometimes overlooked in any consideration of Scottish-based private client investment managers.

The reality is, however, that it is both very profitable and has experienced rapid growth over the past five years or so.

According to its most recent annual report and accounts it posted revenues and pre-tax profits of £10.38 million and £3.45 million respectively for the year to 30 September 2018.

This meant that it generated a pre-tax margin of 33.24 percent.

Over the previous four yea...