Independent financial planning firm, Anderson Anderson & Brown Wealth Ltd (AAB Wealth), has doubled its assets under management over the last twelve months.
The firm, which specialises in providing an all-round wealth management service, including an integrated tax offering, completed £100 million of new business in the past twelve months, taking the total of the firm’s Assets Under Management to over £200 million. Other sizeable growth statistics for the firm in the past twelve months include an increase in client numbers of 25% and a rise in average client funds by 28%.
This growth can be attributed to a number of developments within the AAB Wealth team. Not only has the team increased by 50% in size from 10 to 15 but the firm has invested heavily in their talent at all levels, with two additional members of the team becoming Chartered Financial Planners within the last twelve months.
AAB Wealth has also invested heavily in infrastructure in order to give clients a first class service with the clearest view of both their current and potential future financial situation, which assists in developing the right plan and service for each individual. The firm has also seen a significant increase in clients requiring assistance with Defined Benefit Pensions transfers as well as inheritance tax and succession planning to ensure efficient transfer of assets to the next generation.
Frank Morton, Director of Wealth Services, commented “We like to have real conversations with our clients regularly and ensure that they are at the centre of all activity, which in turn makes sure that their plans meet their requirements, and that no client is made to work with ‘off the shelf solutions’. The growth we have achieved in this last year has been outstanding and has been driven by client demand alongside our internal focus on developing talented people. Our team has risen to the occasion and has delivered results for our clients so it is fantastic to see growth achievements like this, which show first-hand how their hard work and determination is benefiting our firm as well as our clients.
With a healthy pipeline of new business opportunities, we look forward to seeing what the next year has to bring and to continuing to enhance our service offering to meet our clients’ needs.”