Beacon Wealth Management has marked the first year since its office move with a software system that allows clients to view their portfolios at home, according to Tony Larkin.
Mr Larkin said the “speed of growth” of the Cambridgeshire-based firm had “taken us all by surprise” but the firm was set with the technology and the people in place to help drive growth.
He said Beacon had created this “new type of software” to make it easier for clients to see which portfolio their funds are in, for personal use at the clients’ leisure. It was also part of the company’s overall plan to provide a deeper service and grow its client base.
Mr Larkin said: “Beacon Wealth Management was set up on a fee basis model. The speed of growth has taken us all by surprise, but if you have a written plan that is shared and agreed by all, it is amazing what can be achieved.
“Already this year we have enjoyed an income greater than in 2011 and expect to reach our 2012 figure by the end of August and 2013 figure by the end of October.”
Mr Larkin added that he anticipated funds under administration to double within five years.
Background
Other advisory firms across the UK are seeing positive growth. Adler Financial Planning has acquired Chapel Court Wealth Planning and will manage combined investments in excess of £80m, Stuart Burkin has announced.
The director of Birmingham-based Adler FP said the acquisition was a “natural progression” in the relationship after working closely with the Warwickshire-based firm for the past several months. Chapel Court Wealth Planning was formerly Burgis and Bullock Financial Services.
