Pareto reports 20% turnover surge

TURNOVER at Pareto, the Manchester firm of independent financial advisers, has risen 20% in the last year and topped £2m for the first time.

Pareto, which works with corporates  and high net worth individuals, said recurring income grow by 30% to £720,000 in the to March 31.

The firm is expecting another strong year of growth and expects to add to its team.

Director John Stevenson, said: “”We have seen substantial growth over the past 12 months and have expanded the firm with two new advisers and four new support staff – bringing the total number of employees up to 28.

“As well as undertaking a great deal of work in implementing and preparing corporate clients for the pension auto enrolment scheme, we’ve rolled out an extension to our business model that will see us embed key advisers in estate agents throughout the North West.

“In order to trumpet the firm’s ongoing success, we’ve also invested heavily in marketing – commissioning a new website, marketing materials and investment in social media marketing.”

Pareto was recent;y appointed as to the panel of preferred advisers of South African private bank the Nedbank Group.

The firm projects 25% growth in the coming year and will be taking on more advisers and support staff, as well as upgrading its IT systems.