National IFA firm Continuum has reported a rise in assets to a record £1.72bn at the end of the first quarter of 2023.
Continuum said in a trading update today (5 May) that assets under influence rose 13% (year-on-year) to hit the milestone.
It said the rise in assets marks the 35th consecutive quarter of growth in assets for the national IFA partnership.
And the quarter also saw Continuum welcome several new advisers to the partnership, with 63 advisers in total.
The Plymouth-headquartered firm was established in 2014 by founding partner, Martin Brown, as a national IFA brand.
The business focuses on creating a three-way partnership between Continuum, the adviser and the client, in an environment where each party can only succeed and grow if the other parties also succeed and grow.
Other highlights of the financial report include growth in its My Continuum Select Model Portfolios and professional partnerships.
The firm’s My Continuum Select Model Portfolios overall written levels rose 19% (year-on-year) to £266m while banked income from its professional partnerships channel rises 18% year-on-year.
Continuum managing partner Martin Brown said: “The first quarter of 2023 was a milestone period for our business with the completion of our new partnership with M&G giving us the platform to propel our business further forward.
“As we grow stronger together, we move ever closer to establishing our business as the most trusted brand for financial advice, and in doing so building a legacy of advice for future generations.
“With quarter two already extremely busy, we are excited to seize the full opportunity that the market presents, as both investment markets and financial planning demands surge.”
The quarter also saw a 125% increase in head office enquiries as awareness of the Continuum brand grows, alongside an 18% increase in traffic from social media and an 11% increase in website audience.”
Last August, M&G reached an agreement to acquire Continuum. As part of the deal, M&G will take an initial 49.9% stake and acquire the remainder over the following two years.
Continuum, which became part of M&G Wealth, retained its own brand and sit alongside M&G Wealth’s existing businesses.
