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BlogPareto announces growth, new acquisition strategy and staff promotions ahead of its...

Pareto announces growth, new acquisition strategy and staff promotions ahead of its 10th year

Pareto, the award-winning Manchester-based financial advisory firm, has announced buoyant end of year results and plans to grow further in 2018.

With a 2016/2017 turnover of £4.1 million, Pareto – which specialises in providing independent advice and hands-on assistance to owner-managed businesses and high net worth private clients – is forecasting further growth of 15% in 2018.

As Pareto heads into its 10th year of business it revealed that 46% of its turnover is from recurring income, from new and existing funds under management – a 33% growth on the previous year.

The successful year has seen Paul Stones and Stuart Carswell both experienced IFAs, promoted from associate directors to directors.

One of Stuart Carswell’s primary objectives in the coming year will be business development and driving growth for the award-winning firm, including an acquisition strategy.

Stuart said: “We are looking to build upon our continued success by strengthening relationships with our existing partners and developing new professional connections throughout the North West.

“To help with our continual growth we will also look to acquire advisory firms of a similar culture that will complement our range of services and further improve the advice and support we can offer to our clients and partners.”

It’s not just management that has seen change. Pareto is also keen to keep developing its own, and is set to take on its first apprentice.

Nicky Aspray, operations manager, said: “Apprentices are vital to our economic growth. We at Pareto recognise that and see the value in giving young workers a decent start to their career. They help us grow our own key employees for the future.

“Pareto is developing a training academy ethos through all its departments to allow for it’s employees to naturally grow and develop their skills. This will play a vital role in the company’s prosperity, both in the coming year and in years to come.”

Nicky added: “As employers we have a responsibility to train the next generation and we see apprenticeships as a valuable asset to any organisation, providing you commit to the continued support and patience they require.”

Pareto was founded in 2008 by John Stevenson and George Chantry, both with decades of financial planning experience. Since its foundation, the company – based at headquarters in St John Street in the city centre – has enjoyed year on year growth and now employs a large team of financial experts covering both private and corporate financial advice.

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