Total active client numbers have also risen 18% (year-on-year) to 14,456 across all client types, including transactional.

The increases came alongside a 23% increase in assets under influence year-on-year to £1.96bn at the end of 2023.

Continuum is part-owned by M&G which took an initial 49.9% stake in the company in August 2022 with an agreement to acquire the remainder of the business over the following 2 years. 

In a robust set of figures published this week, the Plymouth-based firm said income from new business was up 4% year-on-year and ongoing recurring income rose 15% year-on-year.

Martin Brown, managing partner at Continuum, said that the firm’s expectations for 2024 were positive.

He said: “2023 marked another milestone year for our business and we are delighted to confirm new record levels achieved on the backdrop of another challenging market and regulatory landscape.

“Our challenge in 2024 is to further build our legacy as we drive to become the most trusted brand of advice in UK financial services.”

“The demand and need for high quality advice, continues to increase every day as more people seek advice for the first time. The need for a clear consistent offering from their adviser has never been greater. With the advice gap continuing to grow wider, IHT receipts reaching record highs and lost pension pots at over £27bn the opportunity to grow our business, brand and reputation is significant.”