Parmenion Capital Partners saw its assets under management reach £1.71bn in the year to end of March this year, according to its financial results.
The company, which uses platform-based technology and investment management expertise to offer services for advisers, saw its profit for the period hit £1.68m, up from £1.16m a year before, while turnover increased from £5.28m to £7.37m.
Parmenion noted its focus on building “innovative technology” helped boost results.
In the past year it said it had brought on stream several large scale technology projects that had been developed entirely in-house, including automated advice technology, an in-house self invested personal pension and a redesigned adviser website.
Richard Goodall, partner and head of distribution at Parmenion, said: “By owning and controlling the three most important components behind an adviser’s investment proposition - discretionary investment management, custody services and technology - we are able to bring big efficiency gains to advisory businesses.”
Parmenion serves approximately 900 advisory firms, looking after more than 26,000 underlying clients. It has a range of approximately 100 discretionary investment offerings.