Embark also released results for its other subsidiary, EBS Pensions last month.
According to the company’s results for 2018, EBS posted a pre-tax profit of £1.55m after making a loss of £0.12m in the previous year.
Client numbers increased 89 per cent to 31,452 in the year.
It stated this was partly due to the acquisition of the Option Sipp in late 2018 which significantly increased the size and reach of the business.
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