Continuum’s assets under influence rose 13 per cent year-on-year, reaching £1.72bn at the end of the first quarter of 2023.
For the quarter ending March 31, 2023, the M&G-owned firm reported an 8 per cent rise in ongoing recurring income year-on-year
The rise in assets marks the 35th consecutive quarter of growth in assets for the national IFA partnership.
The quarter also saw 63 advisers join the partnership.
M&G bought Continuum for an undisclosed amount last year and has brought it under its M&G Wealth umbrella but it has retained its own branding.
The deal saw M&G take an initial stake of 49.9 per cent in Continuum, with the remainder bought over the next two years.
Martin Brown, managing partner at Continuum, said: “The first quarter of 2023 was a milestone period for our business with the completion of our new partnership with M&G giving us the platform to propel our business further forward.
“As we grow stronger together, we move ever closer to establishing our business as the most trusted brand for financial advice, and in doing so building a legacy of advice for future generations.”
The firm said its My Continuum Select Model Portfolios overall written levels rose 19 per cent (year-on-year) to £266mn and overall banked income from Continuum’s professional partnerships channel rose 18 per cent year-on-year.
Brown said: “With quarter two already extremely busy, we are excited to seize the full opportunity that the market presents, as both investment markets and financial planning demands surge.”
Meanwhile, the quarter also saw a 125 per cent increase in head office enquiries, alongside an 18 per cent increase in traffic from social media and an 11 per cent increase in website audience.
sonia.rach@ft.com
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