The firm’s pre-tax profit was up from £251,000 to £568,000, while its turnover also increased 50% from £2.2m to £3.3m.
RDR is being cited as a key source of growth at the firm, which has around £700m in AUM, and more than 1,600 financial advisers registered for using its range of services.
Richard Mein, managing partner, said: “It’s been a fantastic year for us. RDR has had a positive effect on our growth, as Advisers embrace the benefits and operational efficiencies that an insourced Centralised Investment Proposition (CIP) can bring to their businesses. This momentum has accelerated further in the first quarter of our new financial year with almost £200m in new AUM and current total assets of approximately £750m.”
A raft of results are being released today including those of St James’ Place.
