Plymouth-based national IFA Continuum has reported assets under influence up 13% year-on-year to a record £1.72bn at the end of the first quarter of 2023.

The firm says the growth in assets marks the 35th consecutive quarter of growth.

The quarter also saw Continuum add new advisers, boosting the total to 63.

During Q1 2023 the firm saw an 8% rise in ongoing recurring income, year-on-year.

In August last year fund manager and wealth manager M&G acquired 49.9% of Continuum for an undisclosed sum. M&G plc is expected to acquire the remainder over the following two years.

Continuum was launched in 2014 by founding partner Martin Brown and is Financial Planning focused.

Martin Brown, managing partner, 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. 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.”