IFA network Alpha to Omega is reporting increases in turnover of 107 per cent and gross profit of 40 per cent at 31st March 2006 following three years of trading.
The Winchester-based network more than doubled turnover to 8.1m from 3.9m, while gross profit increased to 520,000 from 371,000 in 2004 to 2005.
The company, which has 40 member firms says it will invest profits back into the business, including a new service based option, an updated online commission system and attractive terms across a range of specialist industry software.
Chief executive Stewart Wooles says: These are excellent results, which confirm the success of our business strategy. They reflect a year of earnest endeavour by a growing group of professional advisers, as well as the outstanding contribution made by our a skilled and committed HO team We are independently owned, financially stable and ambitious for further growth, which will include strategic acquisitions when appropriate. At a time when some larger IFA organisations are facing difficulties, it seems clear, for IFA firms looking for an alternative support organisation, that smaller and financially stable networks may well be better.