The Institute of Financial Planning says it made a surplus of £84,000 in 2009 and has paid back two directors who loaned the trade body £75,000 in 2008.
The IFP made a £108,000 loss in the year to December 31, 2008 and borrowed money from directors to help pay for its conference.
It borrowed £50,000 from Bluefin Wealth Management financial planner Marlene Shalton and £25,000 from Direction Financial Planning principal Jane Wheeler at an interest rate of 6.5 per cent. Both were members of the IFP board at the time.
Shalton was this week appointed as IFP president and Wheeler, now a former IFP director, sits on the Financial Planning Standards Board.
The IFP says it is currently £50,000 in surplus for the first eight months of 2010.
Speaking at the IFP annual conference in Newport this week, IFP director Barry Horner said that the organisation now aims to increase its membership and run a significant cash surplus.
He said: “We are starting to broaden out our membership. We are seeing interest from groups of individuals who would never have thought of the IFP before.”