Financial services group Hargreaves Lansdown hailed a booming market for DIY investing as it reported another record profits haul.
The Bristol-based group posted a 28% hike in pre-tax profits to £195.2 million in the year to June 30 after seeing another 75,000 investors flock to its Vantage fund supermarket - notching up half a million clients for the first time amid a growing trend for people to self-invest.
Hargreaves said Vantage had been boosted as a result of this year's Retail Distribution Review (RDR) shake-up, which took effect on January 1, banning independent financial advisers from being able to take commission as payment.
DIY investing has also become more popular as many high street banks have pulled out of providing financial advice, while a raft of financial advisers have also quit following the introduction of the new rules.
Record low interest rates have added to the trend as people look for ways to earn returns on their investments.
Hargreaves claims it has around 28% of the entire "direct investing" market in the UK.
It saw assets under management on its Vantage platform leap 39% to £34.2 billion, while group-wide revenues rose 22% over the year to £292.4 million.
The group unveiled a 31% rise in its total shareholder dividend payout after reporting the bumper annual profits, announcing a 14.38p final dividend and 8.91p special dividend.
The divi payout means another windfall for founders Peter Hargreaves and Stephen Lansdown, who are set to share more than £56 million between them.
Mr Hargreaves, who owns around 32% of the company, is in line for £35.4 million, while Mr Lansdown, who holds a 20% stake, will pick up £21 million.
The duo already shared £16.8 million from the interim dividend.
Mr Hargreaves said the first phase of RDR had "helped us and will continue to help us".
But he added the second phase was more of a "hindrance".
Regulators are stopping all commission payments to fund managers and platforms from April next year, which means Hargreaves has to completely overhaul its direct fee structure as a result.
It confirmed work was still ongoing on the new charges, but chief executive Ian Gorham assured it would be "fair, attractive and excellent value for both small and large investors".
The group plans to reveal more details later this year, ready for launch in early 2014.
Mr Gorham also thanked the RDR changes for increasing client numbers within its financial advice arm, with new assets from this business up 42%.
Improvements in financial markets also helped increase assets under management at the group, up 38% overall to £36.4 billion.