A £1 MIILION increase in turnover has been posted by Equilibrium Asset Management, marking the fifth consecutive year of turnover growth for the leading wealth management specialists.

The Cheshire-based business saw turnover rise from £4 million to £5.04 million for the year ending August 2015.

The growing firm, which provides expertise on wealth and investment planning, pensions and inheritance tax strategies to the region’s high net worth (HNW) individuals, achieved £89 million worth of new asset wins, smashing its annual growth target by £22 million (33 per cent).

Speaking about Equilibrium’s latest figures, Colin Lawson, managing partner at Equilibrium Asset Management said: “What a year it’s been an Equilibrium. There have been some ups and downs in the investment market but we’ve been able to help our clients weather these fluctuations and grow our business.

“We all want to achieve future financial confidence and I believe savers and investors appreciate transparency when it comes to financial planning. That’s the ethos we’ve based the Equilibrium business model on.

“I’m proud to say we’ve built its business around our clients, putting them first and not simply following the status quo. Our fees are based on the percentage of assets under our influence, which means ours interests are aligned with ours clients. Equilibrium earns more when clients’ investments do well and less when they don’t.”

This approach is paying off, in the past year Equilibrium has grown its client base by over 100 families and achieved over 99% client retention rate.

Colin added: “It’s not just the Equilibrium business model which is part of our winning formula, it’s our staff as well. We’ve worked hard to recruit the top talent in the region and are always on the lookout for new experts to join our team.”

In the past 12 months, Equilibrium has increased its workforce by 20 per cent and taken 5,000 square meters more office space at its Wilmslow headquarters and offices in Chester.

Equilibrium is firmly positioning itself as one of the leading wealth management firms in the country. This year it was crowned ‘Firm of the Year’ in Northern England by the prestigious New Model Adviser Awards and was ranked in the top performing UK wealth management companies in the Financial Times Private Client Wealth Management Survey.

In 2010, founder and managing partner of Equilibrium, Colin Lawson, set out a 10 year plan to hit £2 billion of funds under management. Five years on and the ambitious firm is well on the way of achieving this goal.

Equilibrium is headquartered in Wilmslow and also has offices in Knutsford and Chester. For more information on Equilibrium visit www.eqllp.co.uk or call: 0161 486 2250.