Ashcourt Rowan saw a drop in revenues for 2012/13 as a result of restructuring but said its focus remained on Financial Planning and asset management.
The firm said the second half revenue increased by £1.1m to £17.1m but full-year revenue still remained below the previous year. Total funds under management totaled £3.7bn.
It has sold off its Sipp and SSAS business to Mattioli Woods and integrated the firm's Savoy investment management business with Ashcourt Rowan Asset Management.
The firm said it hoped this would simplify the business and allow management to focus on growing the Financial Planning and asset management sector.
The firm has made several high-profile changes to its management team in the past few months.
Gaius Jones from Towry will take over from Chris Williams CFP^CM, an Institute of Financial Planning board member, as chief executive of Financial Planning.
Former Brewin Dolphin director Harry Burnham, David Palmer from Generali and Kevin Norman from Rathbones will join the asset management team.
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Jonathan Polin, group chief executive, said the firm's restructuring for RDR had left them "strongly placed to grow".
He said: "Over the last twelve months a huge amount of work has been completed to re-engineer the company to ensure we are fit for purpose to meet the demands of the new regulatory environment and to take advantage of the opportunities the dislocation of the sector affords us.
"We have stabilised the company's financial position, worked to embed new systems, controls and ICT infrastructure, and revitalised our investment offering and client proposition in preparation for the implementation of RDR leaving us strongly placed to grow."

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