Wilmslow asset management firm reports £1m turnover increase

Equilibrium Asset Management has reported a £1m increase in turnover, marking five consecutive years of turnover growth for the Cheshire-based wealth management company.

The Wilmslow firm saw its turnover rise from £4m to £5.04m in the 12 months to August 2015. During the period, the company took £89m in new asset wins, surpassing its annual growth target by £22m.

Equilibrium’s managing partner, Colin Lawson, said: “What a year it’s been [at] Equilibrium. There have been some ups and downs in the investment market but we’ve been able to help our clients weather these fluctuations and grow our business.

“We all want to achieve future financial confidence and I believe savers and investors appreciate transparency when it comes to financial planning. That’s the ethos we’ve based the Equilibrium business model on.”

He added: “I’m proud to say we’ve built its business around our clients, putting them first and not simply following the status quo.”

In the past year, the company has grown its client base by more than 100 families and secured a 99% client retention rate.

Additionally, Equilibrium has boosted its workforce by 20% in the past 12 months and increased its premises by more than 53,000 sq ft, expanding its Wilmslow headquarters and Chester offices.

Today, the company is five years into a 10-year plan to reach £2bn in funds under management.