Manchester-based advice firm Pareto Financial Planning has grown its turnover to £3.4m, an increase of 26 per cent on last year.
The company, which was founded eight years ago by John Stevenson and George Chantry, now employs 36 people, after increasing its headcount by nine in the past year.
Some 40 per cent of the firm’s turnover now comes from recurring income, with funds under influence increased by £100m to around £281m.
Mr Stevenson, Pareto’s managing director, said the business model is based on introduced work from professional practices such as accountants, through formal introducer agreements.
“We are expecting continued growth over the next year and we are currently actively recruiting for two senior IFAs to work out of new recently won accountancy practices,” he explained.
“Though a significant proportion of our income is recurring, we are continuing to establish new relationships with accountants and other professional introducers across the north west.”
Mr Stevenson previously worked with Mr Chantry at Carrwood Barker, which was bought by Lighthouse Group in 2005.
The pair left Lighthouse, where Mr Stevenson had been a director, in 2008 to launch Pareto.
The firm recently hired Steve Smith as operations manager from Chase de Vere and Sebastian Halstead has joined as marketing executive.
Mr Stevenson said he hopes to add to the team and continue to grow going into 2017.
Pareto did not reveal how much profit it had made when asked.
