Fast-growing national IFA firm Continuum, which has recruited heavily in recent years, has reported assets under influence up 9% year-on-year to £1.53bn.

In its latest quarterly figures, the company - acquired by M&G Wealth in August - said the growth was pleasing against a difficult market backdrop.

For the quarter ending 30 September Continuum reported:

• A 23% rise in ongoing recurring income (year-on-year)
• A 12% rise in average adviser 12-month rolling productivity (year-on-year)
• Assets under influence up 9% (year-on-year) to £1.53bn

The quarter saw three new financial advisers join the partnership in addition to a number of Paraplanning and support staff.

The national IFA firm said it expects “record” numbers of advisers to join the partnership in the final quarter of this year, in line with growth plans.

Continuum also plans to launch its new ‘succession solution’ – My Continuum Succession – before the end of 2022 to enable more advisers to join the firm.

Martin Brown, managing partner at Continuum, said: “This year has been a tough one for investments and pensions in particular, but I am pleased to say that our assets under influence continued to rise due to the quality of our proposition and how close our advisers are to their clients.

“The past three months have seen record numbers of advisers coming to us, looking for a home within which to grow their business and support their clients. We have also seen direct client enquiries continue to rise."

“Demand for high quality affordable advice is rising. At Continuum we believe that financial advice should be for all. This, combined with ongoing enquiries from high-quality advisers looking to join the partnership, means we are well and truly on target to achieve our ambitious growth plans and to become a true household name in the foreseeable future.”

Continuum is based in Plymouth and was established in 2014 by founding partner Martin Brown.