Alliance Trust Savings (ATS) has turned its first monthly profit, according to accounts filed today.
The platform arm of Alliance Trust made a £400,000 loss in 2012, up from a £2.3m loss £2.3m the previous year.
Assets under administration rose from £3.3bn to £4.1bn, as the firm begins to shift its strategy towards targeting advised business.
Its parent company invested about £2m in the platform in 2012.
Alliance Trust CIO, Katherine Garrett-Cox, said ATS "is now well positioned to perform profitably and pick up market share as a result of the changes that are being implemented as part of the RDR [Retail Distribution Review]."
Revenue increased 39% following the introduction of quarterly charges on account, higher platform SIPP charges, and adding an additional 4,000 customers - a rise of 6%.
The platform, relatively unusual in offering a flat fee charging structure, has also introduced a tiered model to allow it to be compared to rivals.
Acquisition completed earlier this month.
Changes to take place by next year
Launched 18 November
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