UK platform Skandia has reported profits of £13m in 2013, up from £2m in 2012, after net inflows of over £2bn last year.
The platform - which no longer counts legacy assets from its life book within its total assets under management (AUM) - saw assets climb from £22.6bn to £27.3bn during 2013, as a result of a combination of inflows and positive market movements.
The group saw net inflows of £2.4bn, with a further £2.3bn added from market and currency moves.
Gross sales were also up, by 14% to £4.7bn.
The increase in profitability at the platform - one of the UK's largest - helped parent Old Mutual Wealth achieve an increase in overall profitability.
On an IFRS basis, adjusted operating profit rose to £217m, up from £195m the previous year.
AUM grew 13% during the period to £78.5bn, up from £69.2bn at the end of 2012, although most of this was down to market movements.
Gross sales of £14.4bn were countered by redemptions of £12.1bn, with stock market and currency gains adding £7bn to AUM, making up the bulk of the increase.
The results were announced as Old Mutual Wealth revealed it had acquired adviser network Intrinsic for an undisclosed sum.
Paul Feeney, chief executive of Old Mutual Wealth, said the deal - coupled with its new Wealth Select range of products and recent hires including star UK fund manager Richard Buxton - were helping to transform the business.
"With developments like WealthSelect, our newly launched range of portfolio management solutions, we are going beyond being simply a transactional platform to providing the solutions that can help financial advisers manage their clients' wealth," he said.
"We are well on the road to creating a market leading asset management business in Old Mutual Global Investors. The hires we have made this year are a signal of our ambition for a business that will be a key driver of our future growth alongside our investment platforms."
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