The Right Mortgage & Protection Network has turned a £164,323 profit in its first full year of results.
The network recorded £8.7m of turnover in the year to July, while the business is currently taking in £1.2m a month just 20 months after launching.
Martin Wilson, chief executive of the network, said: “It shows there is real appetite for a business that treats its members fairly and professionally, whilst understanding the risks of today’s market.
“Current turnover is around £1.2m per month and membership around 300 advisers. Not bad in 20 months.
“We are absolutely delighted.”