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Sense Network posts £650k profits

Sense Network has posted a £647,000 pre-tax profit for the year ended 31 May, a 53 per cent increase on the previous 12 months.

The firm saw adviser numbers jump 13 per cent over the year to 198, while turnover increased 37 per cent to £18.7m.

The firm posted a £423,000 profit in 2013.

Sense managing director Tim Newman says: “In a world where complexity increases daily, we passionately believe that clients need professional advice to ensure that they make the right decision about their financial futures. We firmly believe that independent advice still represents the very best choice for clients.”

Newman also claims smaller networks are in a good position to take advantage of the post-RDR advice world. 

Sense launched a support services arm in May 2012.

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