AJ Bell has reported an increase in pre-tax profits of 39% to £26.5m, with assets under administration hitting £17.5bn for the year ended 30 September.
Revenue was also up to £51.8m, an increase of 25%. The platform and self-invested personal pension (SIPP) provider said the number of retail customers serviced rose 17% to 70,616.
Andy Bell, chief executive said: "This has been another year of progress and challenge. We continue to face a barrage of regulatory led change and I am absolutely delighted with the way our staff have turned these challenges into opportunities to further enhance and develop our various product propositions."
He added investment platforms with a low cost charging structure can be profitable, as long as they have scale, efficient IT led processes and a service culture focused on the customer.
Has been cold-calling consumers
New shares admitted to London Stock Exchange
Slow and steady growth
Missed funding target by £240,000
Denies any wrongdoing