Financial Planning focused national IFA firm Continuum has reported turnover growth of 12% in 2022 with assets under influence rising 7% year-on-year to £1.6bn.

It also reported an 11% increase in its adviser numbers to 63.

During the year it strengthened ofits adviser support through an increase in its paraplanning and central administration teams.

The firm, set up in 2014, was acquired by fund manager and wealth manager M&G in August for an undisclosed amount.

Martin Brown, managing partner at Continuum, said: “We are well and truly on target to achieve our ambitious growth plans and to become a true household name in the foreseeable future.”

He said 2022 was a tough year for many as the country tackled economic uncertainty, spiralling inflation, international unrest, and political uncertainty.

Investments and pensions in particular faced a roller-coaster ride, he said.

He added: “It was a strong year for growth at Continuum with assets under influence continuing to rise due to the quality of our proposition and how close our advisers are to their clients.”

He said record numbers of advisers joined the firm in 2022. The latest was announced this week with Derby-based Chartered Financial Planner Jamie Lavery joining to look after clients across Derbyshire.

Mr Brown said: “Demand for high quality affordable advice continues to rise, with more people than ever looking for help to navigate the cost-of-living crisis.”

In August fund manager and wealth manager M&G announced it would acquire Continuum for an undisclosed sum. M&G plc agreed to take an initial 49.9% stake in the Plymouth-based company with an agreement to acquire the remainder over the following two years. The deal is subject to regulatory approval.

Launched in 2014 by founding partner Martin Brown, Continuum has 63 IFAs and is Financial Planning focused.