Monday, 18 March 2013 10:42
Equilibrium sees strong asset growth post-RDR
Cheshire-based Equilibrium Asset Management says the RDR failed to dent its growth as it revealed a £32.5m rise in new assets in the past six months.
The wealth management company is on track to beat its annual asset target of £40m after securing 81 per cent of this figure in the first six months.
Overall, the firm manages over £250m of assets for over 500 clients.
Equilibrium says it has been able to deliver a return of 9.85 per cent on its balanced model portfolio for its clients from September 2012 to the end of February 2013. The annual target for this portfolio is 7.6 per cent per annum.
As well as assets growth, the firm opened a third office in Chester to accompany offices in Wilmslow and Knutsford and six of its advisers recently qualified as Level 6.
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Colin Lawson, managing partner at Equilibrium, said: "It's been a great six months for the Equilibrium team; the stock market is starting to improve, helping us to deliver some impressive returns for our clients."
Mr Lawson said the firm was based on transparency and a commission-free fee structure which meant the RDR had not been problematic for the firm.
He said: "Since the start of 2013 the financial services industry has changed radically with the implementation of the RDR, a shake-up many financial advisers will not survive.
"But we have based our business on transparency, especially when it comes to our commission-free fee structure and this, coupled with our genuinely personalised management service, is why we are going from strength to strength."
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The wealth management company is on track to beat its annual asset target of £40m after securing 81 per cent of this figure in the first six months.
Overall, the firm manages over £250m of assets for over 500 clients.
Equilibrium says it has been able to deliver a return of 9.85 per cent on its balanced model portfolio for its clients from September 2012 to the end of February 2013. The annual target for this portfolio is 7.6 per cent per annum.
As well as assets growth, the firm opened a third office in Chester to accompany offices in Wilmslow and Knutsford and six of its advisers recently qualified as Level 6.
{desktop}{/desktop}{mobile}{/mobile}
Colin Lawson, managing partner at Equilibrium, said: "It's been a great six months for the Equilibrium team; the stock market is starting to improve, helping us to deliver some impressive returns for our clients."
Mr Lawson said the firm was based on transparency and a commission-free fee structure which meant the RDR had not been problematic for the firm.
He said: "Since the start of 2013 the financial services industry has changed radically with the implementation of the RDR, a shake-up many financial advisers will not survive.
"But we have based our business on transparency, especially when it comes to our commission-free fee structure and this, coupled with our genuinely personalised management service, is why we are going from strength to strength."
• Want to receive a free weekly summary of the best news stories from our website? Just go to home page and submit your name and email address. If you are already logged in you will need to log out to see the e-newsletter sign up. You can then log in again.
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