Novia has seen its profits increase by 110 per cent to £2.6m during 2017.
During the year, the platform's assets under administration increased by 23 per cent to £5.78bn, which was driven by a combination of new business inflows and strong market performance.
Novia said new business reached record levels, at a total of £1.23bn - up 29 per cent on the previous year.
Bill Vasilieff, chief executive of Novia Financial, said: "These strong results unpinned by our robust technology backed up by excellent service, help to illustrate the success of the Novia business model.
"Our absolute commitment to providing advisers with the tools and services required to support their clients in an ever changing regulatory landscape remains our priority. We look forward to growing the business organically and the implementation of our new account management team continues to support our quality service proposition."
Novia's revenues increased by 19 per cent to £18.8m.
Mr Vasilieff said the rapid increase in sales and significant uplift in assets had allowed Novia to continue to invest in the development of the business, with a new online external website planned for the third quarter of 2018 to improve the user experience for advisers and their clients.
He said: "In addition the business also benefitted from a return in investor confidence following a particularly turbulent market in 2016, as well as from a buoyant market for pension transfers.
"This, in conjunction with our market leading system functionality and strong technology proposition provided by GBST as well as our controlled cost base and first class service proposition has helped us to build a profitable, sustainable platform which continues to meet the needs of our clients."
damian.fantato@ft.com
