Profits at Transact remained flat in the year to September 2012 despite seeing the number of advisers using the platform increase by 14 per cent.
The platform made a pre-tax profit of £14.7m last year, compared to a £14.6m pre-tax profit in 2011.
Transact’s 2011 results were hit after it was fined £3.5m by the FSA in December 2011 over failures to protect client money.
Assets on the platform grew by 19 per cent in 2012 from £10.1bn to £12bn as at the end of September.
Over the period the number of advisers rose 14 per cent from 5,000 to 5,700, while the number of clients grew by 5 per cent from 94,000 to 99,000.
Despite the level profits, Transact has boosted its dividend by 25 per cent from £2 per share to £2.50.
Turnover and expenses both stayed relatively flat during the year, at £49.6m and £34.8m respectively. Staff numbers rose 9 per cent from 300 to 328.
Page Russell director Tim Page says: “Transact is doing okay given the headwinds the whole platform market is facing at the moment. The pure wraps have a golden window of opportunity on which to capitalise now given the regulator has suggested the market is set to move in their favour.”