Transact’s platform assets have risen by 20 per cent, hitting £17.1bn during the year ended September 2014.
The platform’s report and statements for the period showed a pre-tax profit of £17.8m, a 5.3 per cent increase on 2013’s figure.
Last year’s total turnover was £55.5m, however this year the company reached £59.7m.
Registered advisers using the platform increased from 6,300 to 7,000 and the wrap said in its report that the number of clients grew from 106,000 to 116,000.
The report stated that gross inflows each month in 2014 were the strongest since inception.
During the year, the firm said that it reduced its ‘buy commission’ rate and dealing charges with effect from the start of March.
The document added: “The reduction was in line with the business’s responsible approach to charging and was the fourth reduction in four years.”
ruth.gillbe@ft.com
