Lancashire IFA Acumen grows funds under management to £160m

Acumen Financial Partnership has achieved a new milestone in funds under management after growing the figure past £160m.

The independent financial advisory (IFA) firm, based in West Lancashire, said its latest managed accounts sum represents a year-on-year increase of 60%.

During the course of the last 12 months, growth has seen Acumen take on two new members of staff and host a financial planning forum.

Angela Maher, managing director of Acumen, said: “Reaching this significant milestone comes at an important time for the business as we look to build for the long term.

“We have a close-knit, highly-skilled team which we hope to grow at all levels, while ensuring current staff members reach their full potential with Acumen.”

Director Jon Landy commented: “The past year has been one of record growth for the business.

“From 2013 to 2016 the company increased its funds managed total by around £50m, so to better that in just one year is tremendous.”

He continued: “Breaking the £160m barrier, in combination with this unprecedented level of growth, demonstrates a huge leap forward in terms of our business strength and direction.”

Founded in 2006, the Burscough-based company today works with more than 900 active clients and employs 16 people.

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