National financial advice firm Continuum has reported a 23% rise in assets under influence in 2023, ending the year with assets over £1.96bn.
Highlights include:
- Assets under influence rose 23% (year-on-year) to end 2023 at over £1.96bn
- Income from new business written rose 4% (year-on-year)
- Ongoing recurring income rose 15% (year-on-year)
Continuum has also seen a 15% increase in advisers (year-on-year), with a total of 70 advisers now within the partnership.
Total active client numbers have also risen 18% (year-on-year) to 14,456 across all client types including transactional. At Continuum, we believe wealth management and financial advice should be made accessible to all.
Average adviser 12-month rolling productivity held steady for the year.
Martin Brown, Managing Partner at Continuum, said that the firm’s expectations for 2024 are positive with many opportunities for further growth: “2023 marked another milestone year for our business and we are delighted to confirm new record levels achieved on the backdrop of another challenging market and regulatory landscape.
“Our challenge in 2024 is to further build our legacy as we drive to become the most trusted brand of advice in UK financial services.
“As Consumer Duty continues to influence the industry, it is evident that this has redefined the financial advice sector and is increasingly driving clients to high quality trusted advice firms such as Continuum.
“The demand and need for high quality advice, continues to increase every day as more people seek advice for the first time. The need for a clear consistent offering from their adviser has never been greater. With the advice gap continuing to grow wider, IHT receipts reaching record highs and lost pension pots at over £27bn the opportunity to grow our business, brand and reputation is significant.”
