Pareto reports revenue rise

MANCHESTER-based firm, Pareto Financial Planning , founded by former Carrwood chief John Stevenson, has announced a 21% rise in turnover to £1.6m.

The firm, which he co-founded will fellow former Carrwood director George Chantry, also said that recurring income under its management increased by 42%.

Stevenson said that the results mean the firm is already established as one of the larger firms of Independent Financial Advisors (IFAs) in the country.

“These are a great set of results that show we continue to grow despite the challenging conditions, and means we are in great shape going into this financial year,” said Stevenson.

“As a firm that prides itself on long-term relationships with its clients, we are particularly pleased that our recurring income has increased so significantly and it now accounts for over 30% of our total revenue.

He added that the firm, which relocated from Spinningfields into offices at St John’s Square last Summer, had also taken on three new senior members of staff and would kook to broaden its service offering by branching out into other sectors by the end of the year.