IFA  

Continuum reports 9% growth in assets

Continuum reports 9% growth in assets
 

National IFA firm Continuum saw a 9 per cent rise in assets under influence in the three months to September 30.

In a statement this morning (October 14), the IFA said its AUI had risen to £1.53bn, prompting a 23 per cent rise in ongoing recurring income year-on-year.

The firm, which was acquired by M&G earlier this year, said it expects “record numbers” of advisers to join the partnership in the next three months. 

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In the past year Continuum has entered partnerships with a number of IFAs.

Managing partner at Continuum, Martin Brown, said this year has been a tough one for investments and pensions in particular.

“The past three months have seen record numbers of advisers coming to us, looking for a home within which to grow their business and support their clients.

"We also continue to see a strong flow of new clients turning to our advisers due to them not receiving the level of support they are seeking from their current adviser.”

The quarter saw three new financial advisers join the partnership, as well as a number of paraplanning and support staff.

The firm said it expects record numbers of advisers to join the partnership in the final quarter of this year.

It is launching a succession tool, My Continuum Succession, before the end of the year, offering a “home for life” for advisers and their clients.

Brown said: “Demand for high quality affordable advice is rising. At Continuum we believe that financial advice should be for all.”

M&G’s acquisition of Continuum was announced in August, and will see the company take an initial state of 49.9 per cent in the IFA, with the remainder acquired over the next two years.

Continuum will become part of M&G Wealth but will retain its own brand.

sally.hickey@ft.com