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Continuum reports 20% growth in assets

Continuum reports 20% growth in assets
 

National IFA firm Continuum reported assets under influence rose a further 20 per cent in the first quarter of the year.

In an update yesterday (April 28), it said for the three months to March 31, 2022, assets under influence were at £1.52bn.

The company saw a 35 per cent rise in ongoing recurring income year-on-year and record 'banked income' in March of £1.17mn, a 29 per cent rise year-on-year.

Continuum also reported an 18 per cent rise in average adviser 12-month rolling productivity to £202,179.

The firm said it experienced further significant growth in new client numbers and had three new advisers join the partnership.

Martin Brown, managing partner at Continuum, said: “Given the backdrop of market uncertainty, there have been many challenges and time demands on our day-to-day business. Thanks to the continued commitment and excellence shown by all our advisers, once again, we have excelled.

“Having delivered a market leading performance in 2021, we have continued to deal impeccably with the increase to record levels in the need for advice through the early months of this year.

“There is strong evidence that our adviser support is the best in the market and enables talented advisers to achieve their full potential."

Continuum said its website has been successful with March seeing record increased website audience levels of over 47 per cent year-on-year.

Direct enquiries for the first quarter also rose by 25 per cent year-on-year.

Brown added: “Our award-winning adviser support and client marketing continues to attract new high-quality advisers. Our appetite to grow client and adviser numbers remains.

“We are changing our clients lives for the better and moving ever closer to our goal of being the first choice for quality financial advice across the UK.”

Earlier this year, Continuum expanded its footprint in the south west region by partnering with a Barnstaple-based IFA.

Last year, Continuum hired three advisers from rival firms Quilter Financial Planning, Spence & Spence and Tilney in the third quarter of the year.

sonia.rach@ft.com 

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