St James's Place (SJP) saw profits rise 23% in 2012 compared with the previous year, thanks in part to higher income from funds under management, which again were a record for the business.
Profit before shareholder tax for the year, on an IFRS basis, was £134.6m, up significantly on the previous year's £109.7m.
Profits on an EEV basis, which take into account expected future earnings on new business agreed during the year, was £365.9m, slightly lower than the 2011 result of £371.5m.
Total funds under management at 31 December 2012, at £34.8bn, were 22% higher than the start of the year.
Meanwhile, the business said its total levy paid to the Financial Services Authority and the Financial Services Compensation Scheme (FSCS) was £12m for the year. The fee to the FSCS, to help cover the scheme's compensation expenses, was £6.9m in 2012, up from £3.5m the previous year.
The group also said it saw an 8% increase in the number of ‘partners' - advisers - at the business, with the number swelling from 1,649 at the end of 2011 to 1,788 at the end of last year.
David Bellamy (pictured), CEO, said: "I am very pleased to report another strong performance from St. James's Place in new business, profits and funds under management.
"Whilst we recognise that there is still economic uncertainty, everything we understand about our marketplace tells us that there has never been a greater need for high quality advice delivered by a trusted adviser, backed by a well-respected company.
"The scale and strength of the company's adviser led approach to wealth management, twinned with a proven investment proposition, leaves St. James's Place both uniquely and well positioned to benefit from the long term demographic and market opportunities in wealth management."
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