Equilibrium Financial Planning has surpassed £10m annual turnover for the first time in the company’s history with recorded turnover of £10.25m, an 8% increase on last year.

The firm also hit a milestone £1bn in assets under management for the 2019/20 fiscal year.

This year also saw the Financial Planning firm and its sister company Equilibrium Investment Management launch a Global Equity Fund along with a rebrand and new website.

The firm said that this year has seen a 99% client retention rate.

The firm continues to grow with a 4.5% increase in headcount for the financial year and a 96% staff retention rate. It now has 89 staff based in Cheshire and has been listed in the top 10 of the Sunday Times’ Best Small Companies to Work For in four consecutive years.  

During the Coronavirus pandemic lockdown Equilibrium committed to amplifying its employee engagement strategy which saw managing partner Gaynor Rigby and the firm's culture team introduce measures including FaceTime doctors’ appointments, online therapy sessions, virtual meditation, contributions to all team members’ electricity bills, and regular care packages sent directly to employees’ homes.

Colin Lawson, founder of Equilibrium Financial Planning, said: “We’ve experienced exponential growth since the beginning and that’s no accident.

“The team works very hard to provide our clients with great service and help them to understand the purpose of their money, and the vision of our senior leadership team is second to none.

“I am incredibly proud to say that The Equilibrium Foundation has raised nearly £127,000 for charities and organisations across the country who have needed it most.

“This figure’s been bolstered by our work with Think Philanthropy, a philanthropy adviser who we consulted with during the toughest COVID-19 months to ensure our donations were reaching charities that had been hit hardest by the pandemic. We ended up giving over £60,000 to third sector organisations as a result of this, which was fantastic.

“All this work is going a long way to helping us reach our donation target of £4m by 2028. Helping clients make the most of their money is what we do, but our true purpose as a collective is making people’s lives better. That’s a legacy that the team and I will be most proud of.

“I’d like to thank the team for all their hard work this year – we’re already tackling fiscal year 2020/21 in earnest, with a renewed focus on ‘doing business better’ and building on the excellent growth we’ve experienced this year.”