Financial services company IFG Group has said that market conditions has supported its continuing progress in the three months to the end of March.

In a trading update issued ahead of its AGM today, IFG said that its trading is in line with expectations, with revenues and profits both ahead of the same time last year.

The company said that both its James Hay and Saunderson House businesses in the UK continue to attract new clients and assets. 

Assets under administration at its James Hay business increased to £19.9 billion at the end of the first quarter, up from £17.3 billion the same time last year.

The company also said that Saunderson House has maintained momentum in revenue growth, and the number of clients it now services exceeds 1,850. It now has £4.1 billion of assets under advice, compared to £3.9 billion in the first quarter of 2015.

"The robust underpinning asset allocation and investment advice for clients continues to deliver strong investment performance with low volatility," the company said in its trading update.