The Financial Services Institute of Australasia (Finsia) has reported a $1 million surplus for last year and achieved a record 30% increase in new members.

The results come after the successful merger of the Securities Institute of Australia and the Australasian Institute of Banking and Finance.

More than 3700 new members joined last year to take total membership to 20,000, and there was a rise in enrolments with 13% more new students.

CEO Brian Salter says the organisation is pleased with its strong surplus even after accounting for the one-off merger costs.

“With combined membership and education experience of more than 160 years behind us, Finsia is clearly positioned as the financial services educator of choice,” Mr Salter said.

“Not only are we in a strong position to enhance industry recognition of financial services professionals, our enhanced scale strengthens our position as an advocate for professional practice and market integrity across the financial services sector.”