Online wrap platform Novia Financial reported operating profits had risen 72.5% to 5.6m ($7.1m, €6.4m), for the year ending 31 December 2018.
The firm logged a 11.2% rise in revenue to £20.9m from £18.8m in the previous year.
Assets under management were up 5% to £6.1bn from £5.8bn.
Inflows of newly submitted business increased during the year, with total new business of £1.27m, up 3% on the 2017 figure of £1.23m.
Administrative costs rose by 6.8% to £17.3m from £16.2m in 2017.
The increase in costs in 2018 reflects “greater expenditure on staff and technology to improve the level of support provided to advisers using the platform”.
Bill Vasilieff, chief executive of Novia Financial, said: “Whilst this increase is more modest than we have experienced in the past, it represents an extremely resilient performance under difficult trading conditions and when many competitors experienced falls.
“Continual feedback provided by advisers and analysts indicates that users enjoy the market leading service offered by Novia and we are delighted to report that our new online external web portal Adviser Zone has been successfully implemented and well received in the market.”
