Hargreaves Lansdown, a UK-based investment manager, has posted profit before tax of £209.8 million for the year ended 30 June 2014, an increase of 7% compared to £195.2 million a year earlier.
Net revenue rose by 8% to £291.9 million from £269.2 million a year ago.
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The group also reported a 29% increase in client assets under administration from £36.4 billion to £46.9 billion.
Net new business for the year was £6.4 billion compared to£5.1 billion in 2013 with market movement and other factors adding a further £4.1 billion.
Ian Gorham, chief executive of Hargreaves Lansdown, commented: "During the year we have continued to expand and improve the services we provide to our clients whilst also dealing with major regulatory change. Hargreaves Lansdown has not only retained but furthered its market leading position. Our clients have entrusted a further £6.4 billion to us such that we now administer £46.9 billion of assets.
"We have also welcomed 144,000 new clients during the year, with clients now totalling 652,000. This has led to an 8% increase in net revenues and 7% growth in profits. We thank our diligent staff for their efforts and our clients for their continued loyalty."
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