Continuum turnover rises 39% to £10.5m

Plymouth-based national Financial Planner Continuum has reported a 39% increase in annual turnover to £10.51m for the year ending 31 December 2021.

The Financial Planning firm said assets at 31 December were £1.49bn, up 30% year on year.

Recurring income was up 39% year on year.

New business written income for the year rose by 34% year on year.

The firm said that its partnership with 2020 Innovation and its UK wide accountancy connections helped it break records in terms of client numbers and business written.

Profit and loss figures for the business, a limited liability partnership, have not been disclosed. However the company has told Financial Planning Today that the firm is profitable and  gross profits were up 50.3% for the 2021 financial year.

Continuum increased its recruitment during the year and now has 57 advisers across the UK. It plans to increase recruitment this year.

Martin Brown, managing partner at Continuum, said: “We have seen a huge uplift in new enquiries over the past 12 months as our brand recognition continues to grow.

“Last month, a new major milestone was achieved, as we exceeded £1m turnover in a single month for the first time.”

During the last two years Continuum says it has invested in marketing capability, its adviser portal, client service support and investment proposition.

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