Fintel half year results showed a rise in revenue but the firm put a slight drop in full-year earnings down to increased costs following a batch of acquisitions.
In the six months to June 30, Fintel completed four acquisitions, bringing the total for the past year up to eight.
Core revenue grew by 13 per cent to £31.3mn, up from £27.6mn in the first half of 2023.
While core revenue in the firm's intermediary services increased 8 per cent to £12.4mn, compared with £11.5mn.
Fintel's joint CEO Neil Stevens was confident about the firm's "strategic expansion" which he said was now largely completed.
He said: "We saw this as the right time to build our business and offer more services, more data and more technology.
"We have done a really big strategic expansion this year which is helping us do more work for advisers and product providers, and help them deliver more value to clients, particularly with our services around consumer duty.
"We have also made big investments in technology, in the mortgage market and the protection market. So, really balanced the portfolio across all retail financial services.
"We have had pretty solid financial performance, but a really, really powerful strategic expansion."
The half year results, published today (September 17), said the company is expected to incur additional staff costs in the second half of 2024 which will impact earnings before interest, taxes, depreciation, and amortization this year.
It also relates to "cost synergies" following the purchases, with the result being earnings coming in "marginally lower than expectations".
The results added these synergies are expected to benefit full year 2025 and beyond.
Since July 2023, four of the total acquisitions have been in the firm's intermediary business.
The latest completed purchase was Abrdn's ThreeSixty Services, which provides compliance and business support services to more than 900 advisers.
It was bought for £14.6mn and Fintel said it strengthens the group's range of "quality services available to professional intermediaries". A further purchase of RSMR was announced in July but is yet to complete.
Speaking to FT Adviser, Stevens said the purchases were carefully thought out and there was no target for future acquisitions.
He said: "We've been in this business for a long time, over 20 years, which has given us a really special insight into which companies are strong, which brands are respected, and what services are going to be valued by advisers and the sector. We've used everything we've learned to go out and get the best and bring it onto the platform.
"We've been very selective, and had a really sharp focus on the things the sector needs next, and that job has been largely completed.
"Growing the things that we bought and connecting them together is where our focus lies next."
Stevens said Fintel had no strong desires to do any more acquisitions but would "never say never".
He added: "The sector is in a good spot, advice businesses are stronger than they have ever been, and I think the need from consumers for professional advice is greater than it has ever been.
