Equilibrium Asset Management, founded by Colin Lawson, announced its turnover for 2016 was £6,003,198. The firm expanded its client base by an extra 85 families over the year – bringing its total to 850 families with over £595 million worth of assets.
The strong financial performance has allowed it to expand its number of staff by 20 per cent.
The Cheshire-based firm, which offers wealth and investment planning, pensions and inheritance tax advice to high net worth individuals, said it won over £90 million in new assets in the last 12 months.
Mr Lawson told Financial Planning Today magazine: “I set up the business from my own back bedroom in 1995 – so it’s a big year for us this year as we’re celebrating 21 years in business. Since the very early days things have changed immeasurably as I’m sure you can imagine.
“Yet again we’ve enjoyed a fantastic year of strong growth; it’s particularly pleasing that it also falls as we celebrate our 21st anniversary as a business.”
Mr Lawson speaks to Financial Planning Today magazine in depth about how he began his firm and grew it into a successful outfit in the next issue - due out next week. See below for how to read a copy.
Mr Lawson, whose early career included jobs with Norwich Union and Britannia Life, said: “Though global financial markets have proven particularly volatile over the past year, we’ve been agile enough to make key decisions, such as pulling funds out of UK commercial property in the wake of Brexit, to protect our clients’ interests and ensure they continue to see their savings grow.
“This is reflected in the fact they over the past year we’ve achieved a 99 per cent client retention rate, and expanded our Chester office due to increased demand for our services.”
Mr Lawson said: “Our annual results really are the icing on the cake of what has been a momentous year for everyone involved with Equilibrium.”
During the year, The Equilibrium Foundation raised £125,000 – putting it half way towards a target of £250,000 for good causes by the end of 2020.
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