Platform and investment manager 7IM has reported group pre-tax profits rose 15% to £9.3m in 2019.

Assets Under Management (AUM) were up 9.2% to £14.56bn in 2019 (2018: £13.33bn) and group revenue increased 5.2% to £70.9m (2018: £67.4m).

The figures cover 2019 and do not show the impact of Coronavirus but the firm says it remains “confident” about trading.

The company saw major change in 209 with a number of senior appointments, including Dean Proctor as chief executive, Duncan Walker as chief financial officer and Chris Phillips as Chief Client Officer to lead the firm.

Co-founder Justin Urquhart Stewart retired although has recently re-emerged as founder of a new SME investment business called Regionally, as Financial Planning Today reported this week.

Dean Proctor, chief executive, said: “As I look back after just over a year in charge, it’s fair to say 2019 was a year of change. Yet despite all of the change, we have maintained our positive momentum and we have seen the business extends its track record of year-on-year growth.

“The key drivers of our continued success have been the refreshed strategy and culture introduced last summer, as well as the launch of several cutting-edge solutions - which have seen the business getting back to its roots of being a market challenger and an innovator.

“While 2020 has undoubtedly had its challenges so far, brought about by the Covid-19 crisis, I’m confident about the future of 7IM. We now have the right people, the right strategy and the right culture in place. We are also committed to investing more in our award-winning platform and launching new products to meet our clients evolving needs.

“With the above in mind, I do not see any reason why 7IM cannot emerge from this difficult period with a brighter and more positive outlook than when we entered it.”

Last year the firm launched a number of new products including 7IM’s Retirement Income Service, the 7IM Select Funds and more recently the 7IM Pathway passive model portfolios.