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Adviser platform Novia noticed a 6% rise in property underneath administration for the 12 months ended 31 December 2021.
Whole property underneath administration had been £8.95bn at year-end, a rise of £533m.
Revenues rose 14% to £27.8m (2020: £24.3m).
Adjusted EBITDA (a measure of profitability) rose 31% to £6.7m.
Novia Monetary was acquired by non-public fairness agency AnaCap in April final 12 months.
AnaCap additionally acquired the Wealthtime and Amber Monetary Investments companies.
The mixed platform enterprise will proceed to be led by Wealthtime and Novia CEO Patrick Mill.
Amber Monetary Investments, acquired by the non-public fairness agency in 2020, was migrated onto Novia’s platform expertise within the first quarter of this 12 months.
Mixed the platforms have over £11.8bn of pension and funding property underneath administration on behalf of over 77,000 shoppers.
Patrick Mill, group CEO, stated: “We’re investing for development and to extend {our capability} and total proposition for our advisers and their shoppers, which is able to enable us to evolve to safe our place on the forefront of the subsequent generatio nof platforms set to revolutionise the UK market.
“These next-generation platforms will carry superior, adviser-centred expertise and customisation to the market. Our ongoing funding in expertise, operations and help features is in anticipation of being one of many leaders of that third wave. New winners will emerge, and we imagine we’ve got the suitable expertise mannequin to capitalise on these altering market dynamics to ship continued strong development in 2022 and past.”
Novia was setup in 2008 and earlier than its acquisition by AnaCap was one of many bigger impartial adviser platforms.
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