Sense Network has said it made a profit of £310,000 for the 12 months ended 31 May, an increase of almost 30% on the previous year.
In unaudited results, the whole-of market business, which was launched in 2007, also said turnover increased by 23% over the same period, to £9m.
Sense director and co-founder, Tim Newman, said improved profits were a result of an increase in "good" advisers joining the company. Sense has taken on 16 IFAs so far this year.
Meanwhile, both Newman and commercial director of Sense, Steve Young, reiterated the business' commitment to independence.
"We believe in the ethos of independence and share our members' passion to give the very best advice to their clients," Young said.
"We reject the concept of restricted multi-ties as these are not in the best interests of clients nor of advisers in the long term."
Partner Insight: For Blackfinch, the arrival of its IHT portfolio services was a 'natural evolution' in the group's offering and points to an established track record of returning cash to investors.
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