Nucleus has posted pre-tax profits of £500,000 for the first half of 2013, compared to £100,000 in the first half of 2012.
The platform’s unaudited half-yearly figures show turnover increased 39 per cent to £8.8m in the first half of this year, up from £6.4m in H1 2012.
Assets under administration rose 38 per cent to £5.3bn, up from £3.8bn the previous year.
Nucleus chief executive David Ferguson says: “We are very pleased with the increase in assets on the platform along with the increase in turnover and we now feel we are in a position to make a sustainable profit.”
Ferguson adds he expects the platform to post the same profits for the second half of 2013.