Continuum Q2 belongings up 19% to £1.8bn



Plymouth-based nationwide IFA Continuum has reported belongings beneath affect climbed 19% year-on-year to a file £1.814bn on the finish of the second quarter of 2023.

The quarter additionally noticed Continuum add 4 new advisers, boosting the overall to 67.

In the course of the second quarter the agency noticed a ten% rise in ongoing recurring earnings, year-on-year, it mentioned.

It mentioned there was a 29% improve in web site viewers and a 191% improve in head workplace enquiries.

The agency mentioned it’s properly ready for the introduction of the FCA’s new Shopper Obligation on the finish of the month.

Martin Brown, managing accomplice at Continuum, mentioned: “As we cross by the midpoint of 2023, we will be inspired by the expansion course of our enterprise, and importantly be assured on how properly we’re positioned for the largest regulatory change to UK monetary providers in over 10 years.

“The lengthy overdue change can solely drive up the standard of shopper engagement and with it improve the popularity of high-quality recommendation companies.”

Initially of July Continuum ran 5 bespoke workshops for advisers and help employees across the nation, to make sure that the entire crew have been able to embrace Shopper Obligation alternatives. The ideas of the Obligation have been embedded throughout the enterprise for the final two to a few years, Mr Brown mentioned.

He continued: This can be one small step for high quality companies, however it is a large leap for the breadth of UK Monetary Providers.”

He added that Shopper Obligation, “is a defining second for the business and we’ve got little doubt that point will present this to be a major market differentiator for these companies that absolutely embrace this new benchmark.”

Continuum was established in 2014 by founding accomplice, Martin Brown and is Monetary Planning centered. It launched in-house discretionary mannequin portfolio service My Continuum Wealth in July 2021 for Continuum advisers.

In August final yr fund supervisor and wealth supervisor M&G acquired 49.9% of Continuum for an undisclosed sum. M&G plc is anticipated to amass the rest over the next two years.


 



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