Send us news by text, start your message Knutsford News and your send photos and videos to 80360
Company smashes its growth targets
9:00am Sunday 20th October 2013 in News
KNUTSFORD-based Equilibrium Asset Management has smashed its annual growth targets.
The wealth management company has secured £55 million of new funds under management in the past 12 months and increased its turnover by 20 per cent.
It has grown its client base by 22 per cent, and now manages more than £295 million worth of assets for 550 clients in the north west.
At the start of the financial year Equilibrium set out to achieve £50 million worth of new asset wins, and surpassed this by £5 million.
Clients have also been benefiting from the company’s growing success, enjoying a return of 11 per cent in the past 12 months on its balanced model portfolio, exceeding the target of 7.6 per cent per annum.
Colin Lawson, managing partner of Equilibrium, said: “In the past 12 months we’ve been going through a really exciting stage of growth, opening our third office in Chester, expanding the senior management team and further developing our service offering to the region’s high net worth individuals and families.
“Now is not the time to rest on our laurels, and we’ve already set ourselves an ambitious target for the business year ahead, laying down the figure of £60 million for next year’s asset gain goal.”
Comments are closed on this article.