Financial adviser support group SimplyBiz has reported a pre-tax profit of £3m for the year ending 31 December 2012, up 15% on the £2.5m figure recorded for 2011.
The group's turnover rose 17% from £13.9m to reach £16.2m while net assets rose to £16.4m, up from £16m in 2011.
A dividend of 16p a share was declared in May, representing a total amount payable of £1.3m.
SimplyBiz chairman Ken Davy said: "The cost to the consumer can already be seen in the reduction in the availability of financial advice. In addition, literally hundreds of millions of pounds and countless hours of preparation time have been spent by advisers alike to be RDR ready.
"It remains to be seen whether any material benefits will emerge for consumers, however, at the moment it is hard to see anything likely to justify the enormous cost and turmoil the RDR has created."
SimplyBiz says net membership remained largely unchanged over the course of 2012 and accounts for more than 2,000 directly regulated firms and over 5,000 individual advisers.
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