Cheshire-based wealth manager Equilibrium Asset Management has notched up its most successful year yet with profits of over £5m for the year.
Started as Applewood Financial, the firm is celebrating 21 years in the industry, and now manages more than £515 million in assets for hundreds of families across the UK. Founded by managing partner Colin Lawson, it has surpassed its annual growth target by £22 million, increased its assets under management by £90 million and hit the £5 million turnover milestone.
Equilibrium says it has, during the past year, enjoyed a client retention rate of more than 99 per cent and grew its client base by over 100 families.
To mark its 21 years in existence, the firm is embarking on ‘21 days of giving’ – a campaign to raise £21,000 this year for charities chosen by the firm’s staff and clients.
Managing partner at Equilibrium Colin Lawson said: “21 years is a long time to be in any business and there has certainly been a great deal of change both inside the business and in the financial planning industry itself, since we first started in 1995.
“Despite serious financial shocks, most notably and recently the 2008 financial crisis, we have been able to ensure that the business has remained robust and has, in fact, been able to grow to the point where the past financial year was our best on record.”
Lawson was recently named Financial and Professional Services Entrepreneur of the Year 2015 at the EN North West Entrepreneur of the Year Awards, with the firm also picking up the Excellence in Customer Service Award at the North East Cheshire Business Awards 2015.