Equilibrium breaks through £5m turnover mark

CHESHIRE company Equilibrium Asset Management has broken through the £5m turnover barrier.

Revenue rose from £4m in 2014 to £5.04m for the year ending August 2015, its fifth successive year of growth.

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

Equilibrium managing partner Colin Lawson said: “What a year it’s been at 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.

In the past 12 months, Equilibrium has increased its workforce by 20% with a current headcount of 52 and has taken 54,000sq ft more office space at its Wilmslow headquarters and offices in Chester.