This accounts for 30 per cent of branch revenue for the half and represents a 129 per cent increase from the previous corresponding period.
Funds under management for the company grew to $388 million.
Yellow Brick Road executive chairman Mark Bouris said the launch of the company’s end-to-end SMSF service has been successful, generating a growing flow of SMSF clients.
This has allowed Yellow Brick Road to “tap into investment, administration, loans and insurance opportunities”.
The company’s superannuation product, RetireRight, has also helped increase client flow and funds under management, according to Mr Bouris.
“Notably over 40 per cent of new accounts were direct from consumers attracted by its low cost, simplicity and ease of access,” he said.
Overall, there was a significant increase in revenue from $9.58 million for the first half of 2013 to $15.27 million this half.
Despite the increase in revenue the company still recorded a consolidated net loss of $3.46 million.
This result was up $0.25 million from the consolidated net loss of $3.71 million from the previous corresponding period.
