Platform and SIPP provider AJ Bell saw pre-tax profit rise by 33% to £37.7m in the year ended in September, the company reported today.

Financial advice network Openwork has achieved a seventh year of profit growth, with pre-tax profits hitting a new record of £22.6m, enabling the business to pay its first ever dividend to shareholders.

Cost cutting helped Mattioli Woods maintain modest profit growth over the past 12 months in the face of market challenges.

Aviva’s platform business was said to have maintained “healthy net fund flows” in a challenging climate.