Manchester-based Pareto Financial Planning has seen a 30% increase in new business for the year ending 31 March.

The Financial Planning firm also reported a 13% increase in turnover, holding steady from last year when it reported a 14% increase.

Pareto said that while growth came from across the business, particularly strong new business came from the employee benefits team.

The firm also expanded its network of accountancy partners during the year, with new strategic partnerships with AKS, Sempar and Tax Plus. The partnerships enable Pareto to extend its services to their clients as well as providing access to a wider professional community.

Paul Stones, managing director of Pareto Financial Planning, said: “Operating from our new headquarters in Spinningfields, the Pareto extended team has excelled again. Our mission to offer and support our clients with the highest possible standards, integrity, care and ambition remains steadfast.”

Pareto also achieved its first Cyber Essentials Plus accreditation, demonstrating that client data is protected to the highest industry standards.

The firm’s local community and charitable initiatives saw it raise over £12,000 for the Teenage Cancer Trust, its charity of the year.

Pareto Financial Planning has more than £1bn of assets under management and has 71 staff, including 23 advisers. It was founded by John Stevenson and George Chantry in 2008, both experienced Financial Planners. John Stevenson was awarded with an MBE in the 2021 New Year Honours list for his support of cancer charities.

Paul Stones took on the role of managing director in 2021. 

The firm moved its HQ to the refurbished Old School House building in Spinningfields in the city centre in December. The building dates back to 1886 and has been refurbished to become Pareto’s new head office.

The new bespoke office space should meet the future needs of the growing Pareto team, the company said