Equilibrium has announced that its 2019/20 fiscal year has seen it reach record levels of turnover, following a “commercially successful” lockdown period. .
The wealth management group, which specialises in investment management, recorded a turnover of £10.25m across Equilibrium Financial Planning and its sister company, Equilibrium Investment Management, an 8% increase on last year.
In addition, the company has seen a 4.5% growth in headcount and a 96% staff retention rate, with a total 89 staff based at its headquarters in Cheshire.
The firm said this success follows a “strong” year for Equilibrium, which has seen it hit £1bn in assets under management for the first time in its history.
It has also launched a Global Equity Fund and rolled out a rebrand and new website.
Equilibrium also retained a 99% client retention rate and announced the formation of its Client Advisory Board, a steering group made up of clients that helps inform company strategy and its approach to client care.
Its company-wide ‘happiness survey’ also showed that 100% of staff felt Equilibrium “cared about them” and that they were “valued members of the team”.
Colin Lawson, who founded the company 25 years ago, said: “We’ve experienced exponential growth since the beginning and that’s no accident.
“The team works very hard to provide our clients with great service and help them to understand the purpose of their money, and the vision of our senior leadership team is second to none.”
He added: “I’d like to thank the team for all their hard work this year – we’re already tackling fiscal year 2020/21 in earnest, with a renewed focus on ‘doing business better’ and building on the excellent growth we’ve experienced this year.”