The Association of Independent Financial Advisers (AIFA) recorded a deficit of almost £154,000 in 2011/12.
The trade body's turnover in the 12 months to 30 June was £1.4m, down from £1.6m in the previous year.
However, administrative expenses of £1.4m resulted in the operating loss of £153,899.
In 2010/11, the organisation had recorded a £194,856 operating loss after administrative expenses had totalled £1.5m.
Chris Hannant, policy director at AIFA, said: "AIFA has continued to restructure the organisation and reduce its costs over the past year.
"Although a further loss has been made we are in a strong position going forward and will return to a surplus this financial year."
Staffing costs at AIFA were trimmed down from £902,604 to £702,223, with the average number of employees cut from 15 to 14.
With the organisation set to accept restricted members from next year, it said in its annual report it will look to recruit from a "potentially wider membership base".
As previously reported AIFA will change its name to Association of Professional Financial Advisers, subject to approval at its upcoming AGM.
