The group posted profit before tax of £8.8m, recovering from a £0.3m loss the year before.
As a part of restructuring efforts, Charles Stanley altered the remuneration arrangements of its investment managers and carried out a comprehensive governance review, with changes to its two principal boards.
Funds under management and administration swelled to £24bn, up 17%.
Growth in discretionary funds was even more pronounced, expanding to £11.4bn from £9.4bn in 2016.
Reported revenue was flat relative to the previous year at £141.6m, despite the disposal of non-core activities in the reshuffle.
Core business operating margins also improved by 7.1% from 3.1% in 2016.
Following the firm’s return to profit, it will also be revisiting a pattern of steadily increasing dividends.
This year, the total dividend is 6.0p per share, an increase of 20%.
