Recurring income delivers £3.4m turnover for financial planning firm Pareto FP

Financial planning consultancy Pareto FP is celebrating after seeing its turnover leap by 26%.

The Manchester-based firm’s turnover increased to £3.4m over the last year, with 40% of that figure from recurring income.

Pareto FP’s owners said the company has provided advice in response to a range of pension and investment enquiries, in addition to offering auto-enrolment support for owner-managed enterprises.

Their work over the last year has expanded the firm’s client portfolio, with an increase of over £100m in funds under influence.

Established eight years ago by John Stevenson and George Chantry, Pareto FP now employs a team of 36, having taken on nine new members of staff since the start of 2015.

Managing director John Stevenson said: “We are expecting continued growth over the next year and we are currently actively recruiting for two senior IFAs to work out of new recently won accountancy practices.

“We want to add to the team of 36 at Pareto FP and continue to grow going into 2017. Myself and George Chantry founded the company and between us have almost 50 years of financial experience.”

He continued: “We are supported fantastically by our equally experienced Management team to adapt to challenges and change within the business and our industry.

“Though a significant proportion of our income is recurring, we are continuing to establish new relationships with accountants and other professional introducers across the North West. Our continued success is testament to the hard work of our brilliant team.”