Pareto Financial Planning reports strong growth and continued expansion

Pareto Financial Planning, the award-winning Manchester-based financial services business, today reported continued strong growth across the business for 2023/2024. With an impressive 14% increase in turnover and over £1 billion in assets under management, the financial planning firm solidified its strong financial position.

Pareto welcomed five new independent financial advisers, expanding their expert team to meet rising client demand. Their Employee Benefits department saw significant growth, reflecting the increasing need for companies to attract, retain, and support their employees. Strengthening their commitment to professional development, Pareto also enhanced their Training and Development department with a senior hire dedicated to nurturing the growth of talented team members.

Partnerships

Further strategic partnerships were added to Pareto’s expanding network, including on-going relationships with corporate advisers KBS, and accountancy firms Donnelly Bentley and Hunter Healy. Pareto also acquired clients of Manchester-based IFA firm AdvizerTech.

Awards

For the second consecutive year, Pareto Financial Planning was named both a Financial Times FTAdviser Top 100 firm and a Best IFA to Work For by Best Companies. Pareto also achieved the Cyber Essentials Accreditation, underscoring its commitment to its client’s data protection.

Social Impact

Pareto’s employee-led initiatives have made a remarkable impact, with a massive £1 million in total funds raised for charity since the company was formed 15 years ago. In 2023 alone, they supported charities including: Centrepoint, The Christie Charitable Fund, Beechwood Cancer Care, Stockport County Community Trust, Manchester Central Foodbank, MedEquip4Kids and Cash for Kids.

A new initiative – “Financial Well Being” – was launched, which sees Pareto advisers give up their time to go out to corporate clients to provide complementary advice to employees to help them make informed financial decisions. From the interest received since launch, it is clear that Pareto is helping fill a knowledge void which is representative of the overriding financial pressures that still exist for clients.

Pareto’s full 2023 report can be found here Social Impact Report.

Paul Stones, Managing Director, Pareto Financial Planning, said, “I’m incredibly thankful to, and proud of, the entire team at Pareto. Not only have we managed to achieve significant growth across all metrics, whilst maintaining the highest standards of customer service, but we have also managed to find time to give back to the community. Our focus on development and growth underpins what will be an exciting year ahead for us. Our next big milestone is moving offices in August. Our new premises in Spinningfields, Manchester will provide us with a fantastic new space that will foster a great working environment.”